Tech Selloff Hits US Stocks While Silver Plunges: Markets Wrap

US stocks slipped for a second straight day as traders trimmed bets on tech megacaps before the end of the year. Volatility gripped precious metals as silver retreated after touching a record high.

The S&P 500 fell 0.3%, with shares of Tesla Inc., Nvidia Corp. and Meta Platforms among the Big Tech decliners. The Nasdaq 100 slid 0.5%. In US government bonds, the yield on 10-year Treasuries edged lower to 4.11%.