Stock market today: Tech drags stocks lower as rally hits pause

U.S. stocks declined as tech sector weakness contributed to a broader market pause. The Dow dropped slightly by 0.1%, the S&P 500 by 0.4%, and the Nasdaq by 0.6%. Comments from Federal Reserve officials suggesting high interest rates may persist dampened investor enthusiasm previously buoyed by hints of potential rate cuts.

Corporate earnings uncertainty also influenced market sentiment, particularly as tech companies generally met high expectations but other sectors remained questionable. Notable stock movements included a nearly 7% drop in Uber shares and a sharp 19% fall in Shopify stocks after disappointing forecasts. Disney's earnings surpassed expectations but failed to impress investors, while upcoming reports from companies like Fox and AMC are highly anticipated.