News

This week, the S&P 500 fell approximately 2% cumulatively—its fifth consecutive week of decline, while the energy sector rose about 6% cumulatively; the Dow Jones Industrial Average fell about 1% and the Nasdaq Composite fell about 3.2%. The S&P 500 preliminarily closed down 1.6%, with the consumer discretionary sector down 3.1%. Financial, telecommunications, and technology sectors fell up to 2.7%, while the energy sector rose 1.6%. The Nasdaq 100 preliminarily closed down 1.8%. Among its components, Datadog preliminarily closed down approximately 8%, Arm Holdings fell 7.2%, Airbnb, Palo Alto Networks, Zscaler, CrowdStrike, Synopsys, among others, fell up to 6.2%. Western Digital rose 1%, while PepsiCo and the nuclear power stock CEG rose 2.1%. Amazon preliminarily closed down approximately 4%, leading the decliners among Dow components. UnitedHealth, Salesforce, Visa, JPMorgan Chase, Cisco, Disney, and Microsoft also fell up to 3.6%, while Coca-Cola rose 1.1% and Chevron rose 1.6%.