Why is Instacart stock sliding today?

Recent market activity shows a downward trend for several companies. Instacart stock is currently sliding, while Connect Biopharma has experienced a significant plunge, with its stock value dropping by 33% today. Additionally, Rocket Pharmaceuticals is seeing a decline, with its stock price down by 5%. These simultaneous decreases reflect a volatile trading session for these specific entities across the technology and pharmaceutical sectors, as investors react to current market conditions affecting their respective valuations.