---
title: "The S&P 500 Index initially closed down 0.6%, with the consumer discretionary and technology sectors"
description: "The S&P 500 Index initially closed down 0.6%, with the consumer discretionary and technology sectors falling 1.8% and 1.5%, respectively. The Nasdaq 100 Index initially closed down 1.1%, with Applovin"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/272601523.md"
published_at: "2026-01-14T21:00:24.000Z"
---

# The S&P 500 Index initially closed down 0.6%, with the consumer discretionary and technology sectors

> The S&P 500 Index initially closed down 0.6%, with the consumer discretionary and technology sectors falling 1.8% and 1.5%, respectively. The Nasdaq 100 Index initially closed down 1.1%, with Applovin, Intuit, and Shopify dropping 7.8%, 6.4%, and 5.9%, respectively. Both Amazon and Microsoft fell 2.4%, while Chevron, Johnson & Johnson, and Merck rose over 2%. The semiconductor and banking indices fell 0.6% and 0.7%, respectively

The S&P 500 Index closed down 0.6% preliminarily, with the consumer discretionary sector down 1.8%, the technology sector down 1.5%, the telecommunications sector down 0.6%, the consumer staples sector up 1.1%, and the energy sector up 2.2%.  
The Nasdaq 100 Index closed down 1.1% preliminarily, with components including Applovin down 7.8%, Intuit down 6.4%, Shopify down 5.9%, Broadcom down 4.1%, Pinduoduo down 3.8%, Texas Instruments up 2.5%, Intel up 3%, Kraft Heinz up 3.4%, and Strategy up 3.8%.  
Amazon closed down 2.4% preliminarily, Microsoft down 2.4%, NVIDIA down 1.5%, Cisco down 1.4%, leading the decline among Dow components, while Chevron, Johnson & Johnson, and Merck rose over 2%.  
The semiconductor index fell 0.6%, and the banking index fell 0.7%

### Related Stocks

- [AMZN.US - Amazon](https://longbridge.com/en/quote/AMZN.US.md)
- [MSFT.US - Microsoft](https://longbridge.com/en/quote/MSFT.US.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
