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Benzinga
Benzinga
Business
Piero Cingari

Tech Stocks Drop, Pharma Gains As Sector Rotation Picks Up: What's Moving Markets Tuesday?

Nasdaq Merck & Co., Inc. New York
NYSE

Wall Street endured another wave of selling in tech stocks on Tuesday, with the Nasdaq 100 down more than 1% by midday in New York, extending its month-to-date slide to more than 5%.

Investors remain in risk-off mode toward 2025's high-flying names as a pivotal week unfolds—one that could determine whether the market still has enough fuel for a late-year rally.

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