Dow Sinks 750 Points as Selloff Continues to Broaden Beyond Tech

Core Insights - The stock market experienced a significant downturn, with the Dow falling 756 points, approximately 1.6%, after previously surpassing 48,000 for the first time [1] - The Nasdaq Composite and S&P 500 also saw declines of 2.5% and 1.7% respectively, indicating a broader market selloff beyond just technology stocks [1] - The selloff was particularly pronounced in the technology and consumer discretionary sectors, both down by 2.6% or more, while health care, energy, and consumer staples emerged as the leading sectors [2] Market Performance - The Dow Jones Industrial Average closed down 756 points, marking a continuation of the selloff trend [1] - The Nasdaq Composite's decline of 2.5% reflects the ongoing challenges faced by tech stocks [1] - The S&P 500's drop of 1.7% indicates a widespread market reaction to the selloff [1] Sector Analysis - Technology and consumer discretionary sectors were notably affected, each experiencing declines of 2.6% or more [2] - In contrast, health care, energy, and consumer staples sectors showed resilience and were the leading performers in the market [2]