News

This week, the S&P 500 fell about 1%, the Dow Jones Industrial Average fell 0.8%, the Nasdaq fell 1.6%, the semiconductor index rose 2.2%, and the banking index fell 0.9%. The S&P 500 index initially closed up 0.1%, with the energy sector rising 1.8%, industrials, materials, and utilities sectors rising up to 1.7%, the technology sector slightly down, the telecommunications sector down 0.5%, and the consumer discretionary sector down 1.2%. The Nasdaq 100 index initially closed down 0.2%. Among the constituents, Applovin initially closed down 8%, Palantir down 5.5%, Intuit, Adobe, TEAM, Workday, and Thomson Reuters down over 4%, while Applied Materials, Arm Holdings, KLA, Marvell Technology, and Intel rose over 4%. Lam Research, Western Digital, and ASML ADR rose about 8%, and Micron Technology rose 10%. Boeing initially closed up 4.6%, Caterpillar up 4.1%, Goldman Sachs up 3.8%, and Chevron up 2%, leading the Dow components, while Amazon, Microsoft, and Salesforce fell at least 1.9%, leading the declines