Tech stocks continued to decline as investors shifted away from high-growth technology holdings, with the semiconductor sector bearing the brunt of the sell-off. This rotation follows a strong rally earlier in the year and reflects growing concerns about valuations and market sustainability. The downturn was amplified by global market movements, including weaker performance in U.S. and Asian trading sessions, which set a negative tone for European markets.
A major setback occurred when SpaceX aborted the launch of its Starship rocket just before liftoff due to engine issues at the Texas launch site. The delay, attributed to technical problems on the pad, disrupted plans for a significant milestone in private spaceflight. This event intensified investor caution, particularly toward tech-related ventures with high-profile but uncertain timelines. The combination of market shifts and engineering setbacks contributed to broad-based declines in technology-linked assets.