The Nasdaq-100 experiences a downturn, closing at 17,808.3, reflecting a -2.46% change. This decline suggests increasing investor caution amidst lingering macroeconomic uncertainties and renewed concerns surrounding interest rate hikes.

Tech stocks face pressure today as rising bond yields exert downward pressure on valuations, particularly for growth-oriented companies. Renewed regulatory scrutiny and increasing competition also contribute to the sector's weakness. Investors remain sensitive to inflation data and the potential for further monetary policy tightening, leading to profit-taking in previously high-flying tech names.

• Defensive sectors show mixed performance, with Materials outperforming at 0.56539%, while Consumer Defensive dips by -0.41171% and Energy declines -0.87438%. This suggests a potential rotation towards more stable sectors amidst market volatility.
• Significant losses are observed in Communication Services (-8.49128%), Utilities (-3.6563%), and Industrials (-1.83801%), indicating broad-based market weakness beyond the tech sector.
• Among notable gainers, defensive stocks like PEP (-0.78%) hold up relatively better, while tech giants AAPL (-1.94%) and GOOGL (-2.31%) experience substantial declines.
• High-growth stocks like TSLA (-5.75%) and NVDA (-4.51%) lead the decliners, alongside COST (-3.69%), reflecting investor concern about future earnings prospects in a tightening monetary environment.

Futures suggest a potentially cautious opening for tomorrow as investors await further economic data releases. Market sentiment remains sensitive to interest rate expectations and the evolving geopolitical landscape, creating the potential for continued volatility in the near term.