[MARKET UPDATE] Further downsides seen in the equity space, with Nasdaq (-2.6%) and S&P 500 (-2.4%)

The notable declines in the Nasdaq and S&P 500 suggest a broad risk-off sentiment in the equity markets, likely driven by concerns over macroeconomic conditions or corporate earnings. Traders should consider the underlying catalysts, as this could impact both sector performance and overall investor sentiment going forward.