Tech Sector's Troubling Downturn: A New Threat to U.S. Economic Growth

The recent downturn in the technology sector has triggered significant financial repercussions that could pose fresh challenges to the U.S. economic outlook. With tech stocks experiencing a notable decline, the wealth effect that typically fuels consumer spending and investment is coming under pressure. This trend comes as investors reassess the risks associated with high-flying tech valuations amidst rising interest rates and a potential economic slowdown.

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