Stock market today: Dow, S&P 500 drop, Nasdaq rises after sharp tech sell-off - Yahoo Finance
U.S. stock markets experienced a decline as selling pressure spread beyond the AI sector, with the Dow and S&P 500 falling. While tech stocks struggled, cybersecurity firms saw gains, and rising oil prices impacted transportation stocks.
Why it matters
Market volatility and sector-specific shifts reflect broader investor concerns regarding financing costs and geopolitical tensions.
US stocks declined on Friday as selling pressure broadened beyond the AI trade, while oil prices rose. The 10-year Treasury (^TNX) yield gained, though it held below the 5% threshold. The Dow Jones Industrial Average (^DJI) fell more than 600 points, or 1.2%, while the S&P 500 (^GSPC) dropped 0.5%. Meanwhile, the Nasdaq Composite (^IXIC) fell 0.2% after a steep decline in Tech (XLK) on Thursday.The S&P 500 and Nasdaq posted losses for a second week in a row, while the Dow ended the five-day stretch with gains. The AI trade attempted a rebound following concerns over rising financing costs and a potential slowdown in capex, which weighed on already-battered neocloud stocks like CoreWeave (CRWV).
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