Stock market today: Dow, S&P 500, Nasdaq futures slip after sharp tech sell-off - Yahoo Finance
US stock markets experienced a decline as selling pressure expanded beyond the AI sector, while oil prices rose due to Middle East tensions. Despite the broader market downturn, cybersecurity stocks saw gains, and major tech companies showed signs of stabilization.
Why it matters
The shift in market sentiment highlights investor concerns regarding rising financing costs and geopolitical instability impacting global energy and tech sectors.
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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