Evening Market Recap - Wednesday, 26-Mar

US equities finished lower in Wednesday trading, though ended a bit off worst levels, with the Dow Jones, S&P500, and Nasdaq closing down 31bps, 112bps, and 204bps respectively. Big area of scrutiny today has been tech weakness, with negative AI headlines, trade, and technicals among the areas of blame. Durable goods orders beat; but core capital goods orders posted a surprise contraction, while core capital goods shipments came in ahead. Fed's Kashkari called for an extended hold. Treasury's auction of $70B in 5-year notes tailed by 0.5bp.