U.S. equities have fallen to their lowest levels in nearly seven months as the Nasdaq 100, heavily weighted with tech stocks, enters correction territory. The S&P 500 fell 0.9% to 6,417, while the Dow Jones Industrial Average declined 465 points to 45,495. The Nasdaq also dropped 1% to 23,342, marking a period where the social media giant has dropped nearly 20%. The 30-year yield rose to 4.958%, threatening to breach the psychologically significant 5% level for the first time since July 2025. The final University of Michigan Consumer Sentiment reading for March tumbled to 53.3, near record lows and below the preliminary estimate of 55.5, while one-year inflation expectations jumped to 3.8%.