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Global stocks paused after a record-breaking run, with a sharp selloff in heavyweight technology shares dragging markets lower and futures indicating further declines.
Contracts for the Nasdaq 100 index declined 0.5% after the gauge had its second-worst drop since April’s tariff shock on stock rotation. Futures for the S&P 500 retreated 0.3% and those for European stocks fell 0.7% after Asian shares tumbled the most in more than two weeks. Taiwan Semiconductor Manufacturing Co. and SoftBank Corp. led the declines.
