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Benzinga
Benzinga
Business
Piero Cingari

Tech Selloff Resumes As Fed Rate Cut Hopes Fade: Palantir Eyes Worst Month Since 2023

Wall Street in red

The tech selloff reignited Monday afternoon, with AI-linked stocks taking another hit after their worst week since April's tariff-driven pullback.

Despite a calm start to the session—major indexes traded mostly flat by midday—selling pressure accelerated late in the day, sparking broad declines across sectors, with tech leading losses.

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