S&P 500 ends 9‑week rally, falls 2.6%; Nasdaq drops 4.5% as tech stocks plunge

US equity markets closed the week with notable declines. The S&P 500 ended its nine‑week rally, falling 2.6%. The Nasdaq Composite tumbled 4.5% over the same period. The drop was driven by a sharp sell‑off in technology stocks. Major tech names posted their biggest weekly losses in months. Investors cited rising rates and earnings concerns as catalysts. The broader market showed mixed reactions to the downturn. Analysts warn that volatility could persist as earnings season approaches.