News

This week, the S&P 500 fell approximately 1.8%, the Dow Jones Industrial Average fell approximately 1.3%, the Nasdaq fell approximately 3.2%, the Nasdaq Technology Index fell approximately 4.1%, the Semiconductor Index fell approximately 4.5%, the Bank Index rose 0.4%, and the Small-Cap Index fell 2.2%. On Friday, the S&P 500 index initially closed up about 0.1%, the telecommunications sector fell 0.9%, the technology sector fell 0.6%, while the energy sector rose 1.6%. The Nasdaq 100 index initially closed down 0.3%. Among the components, Take-Two Interactive Software Inc. fell 8%—the company's delay of the game "GTA 6" triggered panic among investors. Microchip Technology, Dexcom, Arm Holdings, Gilead Sciences, Tesla, and Marvell Technology all fell more than 3%. Axon rose 2.7%, Starbucks rose 3.8%, DoorDash rebounded 4.2%, and MNST rose 5.1%. Coca Cola rose 2.1%, Chevron rose 1.5%, leading the Dow components, while Apple fell 0.5%, Honeywell, Boeing, Caterpillar, Nike, and IBM all fell more than 1%