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Story summary
- Grid Dynamics shares dropped 3.4% amid a tech sector decline, with the Nasdaq falling 1.5% due to inflation concerns.
- The Nasdaq 100 declined 1.9%, led by losses in Nvidia and Amazon, following a court ruling on tariffs.
- Rising Treasury yields, nearing 5%, are affecting high-growth stock valuations amid weak job growth expectations.
- The Volatility Index increased by 15.5%, reflecting heightened investor anxiety post-tariff ruling.
