S&P Slides as Tech Stocks Stumble; Homebuilder Sentiment Cools as Mortgage Rates Remain High

• S&P 500 falls as Big Tech stocks decline • Homebuilder stocks drop after housing sentiment index stops 4-month streak of gains • Housing market index unchanged in April at 51, still indicating more builders view conditions as good than poor • Mortgage rates stay elevated, pushing homebuyers to sidelines • Builders slightly pull back on cutting home prices in April