News

This week, the S&P fell 0.2%, the Dow fell 0.2%, the Nasdaq fell 0.5%, the semiconductor index rose 3.9%, and the technology sector's seven giants index fell 1.4%. As major Wall Street banks kicked off the fourth quarter earnings report season, the banking index fell 1.6%. On Friday, the S&P 500 index initially closed slightly lower, with the real estate sector up 1.2%, the technology sector up 0.2%, and the telecommunications sector down 0.7%. The Nasdaq 100 index initially closed slightly lower, with constituent stocks including nuclear power stock CEG down 9.6%, Atlassian down 6.4%, Applovin down 6.4%, Palantir down 3.3%, Broadcom up 2.6%, Gilead Sciences up 3.1%, and Micron Technology up 7.4%. Salesforce initially closed down 2.8%, UnitedHealth and 3M fell over 2%, leading the declines among Dow components, Apple fell 1%, Microsoft rose 0.7%, and Honeywell, American Express, and IBM rose over 2%. The Philadelphia semiconductor index rose 1.1%, and the banking index fell 0.3%