From New York: A decline in big technology companies has affected the US market, with the Nasdaq composite experiencing a sharp drop. This downturn is part of a larger trend that started in Asia and has now reached the US.

The sell-off has been influenced by the likelihood of interest rate hikes this year. This has had a particular impact on AI-related stocks, which had seen a significant increase in value recently.

Further details on this market trend are available from the source, providing more information on the current state of the market and its potential implications.