Headline: U.S. Stocks Face Further Downside Post-Early Pullback - NASDAQ, S&P 500, Dow Jones

[Para 1: The Lead] U.S. stocks are experiencing further downside pressure following an early pullback, with the S&P 500 and NASDAQ indexes declining by 1.5% and 1.8%, respectively, as of 2026-02-03. The Dow Jones Industrial Average has also seen a 1.2% drop. Market sentiment is being influenced by rising interest rates and concerns over economic growth. [Para 2-3: Supporting details & Context] The pullback is triggered by stronger-than-expected inflation data, which has prompted the Federal Reserve to signal a more aggressive interest rate hiking cycle. Tech and consumer discretionary sectors are leading the decline, with key stock symbols such as AMD, GOOGL, and AMZN showing significant losses. Investors are reassessing their positions amid heightened volatility, focusing on the impact of rate hikes on earnings and valuations.