Investors are selling off tech stocks for the fourth day in a row. What's worrying them?

U.S. stocks opened trading on Nov. 14 with a sharp decline, continuing the sell-off that began earlier. Investors are concerned about overvaluations of technology and AI-related stocks, and are increasingly doubtful that the Fed will cut rates in December after the longest government shutdown, Barron's writes.

- The leader of the fall at the opening of trading on November 14 was the index of shares of the technology sector Nasdaq Composite - it fell by 1.6%. Technology stocks are getting cheaper for the fourth day in a row.

- The S&P 500 broad market index lost 1.3 percent, falling to 6,652.1 points.

- The blue-chip index Dow Jones Industrial Average fell 1.1% to 47,067.56 points.

- The CBOE Volatility Index (VIX), known as the "Wall Street Fear Index," added 11% to surpass 22 points. A level above 20 points indicates increased volatility in the market.

Traders now rate the probability of a December Fed rate cut below 50%. Their sentiment was influenced by a series of comments from central bank officials who expressed doubts about the need for a third consecutive policy easing, citing the strength of the economy and continued uncertainty around inflation. At the same time, questions remain about what position most Fed officials are leaning toward: some are still concerned about signs of a weakening labor market, Bloomberg notes.

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This article was AI-translated and verified by a human editor