Staples and Energy Outperform in Broad Retreat as Growth Stocks Face Renewed Pressure
Major indices posted sharp declines with the S&P 500 falling 1.33% and the Nasdaq dropping 1.59%, while only defensive consumer staples and energy sectors managed to hold gains. The VIX climbing to 29.49 reflects heightened investor anxiety as technology stocks led the selloff with a 2.06% decline.