Now Reading: Nasdaq, S&P 500 slip as tech shares weigh on Wall Street
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Nasdaq, S&P 500 slip as tech shares weigh on Wall Street
The Nasdaq Composite fell 0.36% to 26,268.843 and the S&P 500 dropped 0.13% to 7,713.79 at Thursday’s open, while the Dow rose 0.14% to 54,426.85, Livemint reports. Investors awaited details of a…
The Story in Brief
The Nasdaq Composite fell 0.36% to 26,268.843 and the S&P 500 dropped 0.13% to 7,713.79 at Thursday’s open, while the Dow rose 0.14% to 54,426.85, Livemint reports. Investors awaited details of a possible Iran peace deal as technology shares weakened.
NDTV Profit reported pressure on technology stocks after disappointing earnings, with investors also watching the Strait of Hormuz and fresh corporate results. Hindustan Times, citing Reuters, had earlier reported a mixed opening, with SpaceX and AMD shares falling while hopes of Middle East peace supported the Dow and S&P 500. Traders were also assessing US jobs data and Federal Reserve rate plans.
The Indian Opinion
The lazy reading is that one weak opening proves technology stocks have lost their appeal, while the opposite claim treats every AI-linked share as a safe bet. The reported moves show a more selective market: AMD and SpaceX fell despite strong business updates, while Nvidia gained. Peace hopes and rate expectations can also move prices quickly. The useful test is whether these companies deliver stronger earnings without matching increases in spending, and whether the S&P 500 can hold 7,713.79.
Sources (3): livemint.com, ndtvprofit.com, hindustantimes.com
This story was synthesised by AI from the 3 sources linked above.
Updated: this story now draws on 3 sources.
