U.S. stocks slide as Microsoft selloff drags tech lower

U.S. equities are trading under pressure, led by sharp losses in the technology sector after Microsoft plunged around 11%, triggering broad weakness across software and growth stocks. The Dow Jones is down 10 points (-0.02%), while the S&P 500 slips 43 points (-0.62%) and the Nasdaq drops 324 points (-1.36%). Market sentiment has turned cautious as investors reassess the outlook for big tech earnings and valuations, with selling spreading beyond software into semiconductors and cloud-related names. Traders are also staying alert to ongoing policy and trade developments, which continue to add an extra layer of uncertainty to risk appetite.

Dow Jones Industrial Average (INDU)

DJIA index wicked up and down and currently trading near the opening level. It shows high volatility but no confirmation yet on where it will move next. The index is trading neutral right now, and it is better to wait sideline. If the index resumes bearish movement then the trend lines will become the target to watch. On the upside, we could say the index might be consolidating below 50,000 before breakout above it.

Mattel, Inc (MAT)

MAT share prices making a bearish correction after the latest bullish leg. It bounces from the 78.6% Fibonacci Retracement level and might attempt to continue the bullish trend. Traders who enter long positions will place stop order below previous swing low at $19.63. On the upside, the 127.2% Fibonacci Extension at $22.97 will become the target to watch.