The rotation out of megacap technology stocks was extending into a second day Wednesday. The Nasdaq was slumping 1.7% on Wednesday morning, lagging the Dow Jones Industrial Average and the S&P 500 as the selloff in shares of semiconductor names picked up steam.

The Nasdaq and S&P 500 fell on Wednesday as investors sold tech stocks and moved into less highly valued sectors, as they also awaited remarks from Federal Reserve officials at their Jackson Hole symposium this week.

US stocks declined as traders assessed a rotation out of technology high-flyers and the path of future interest rates after a meeting summary showed most Federal Reserve officials see inflation risks outweighing concerns over the labor market.

From Florida to New England, people trying to enjoy some of the last hurrahs of summer along the East Coast have been met with rip current warnings, closed beaches and in some cases already treacherou

Erin is starting to turn away from the United States but don’t breathe a sigh of relief just yet: The massive hurricane is still churning up the Atlantic Ocean, keeping dangerous conditions in place for more than 1,