The new-year slump in US stocks extended while bonds eked out a gain in the aftermath of the minutes of the Federal Reserve’s last meeting.
The Nasdaq 100 fell 1.1%, extending a losing streak for a fourth day — the longest in over two months — as investors continued to retreat from last year’s winning tech sector. The S&P 500 slid 0.8% while the Russell 2000 small-caps gauge notched its worst drop since the March banking crisis. Tesla Inc. and semiconductor stocks slumped while crypto-tied equities floundered as Bitcoin erased most of its gains this year.
