The stock market suffered its longest losing tear since January as a handful of immense techs equipped off — despite a traipse in bond yields.
Equities fell for a fourth straight day, with the S&P 500 extending a fall from its all-time excessive to more than 4%. Chipmakers bore the brunt of the selling after ASML Conserving NV’s orders tumbled. Nvidia Corp. led losses in megacaps. A tug of war between bulls and bears unfolded amid the expiration of VIX alternatives — with Wall Road’s current volatility gauge whipsawing.
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