Nasdaq Drops Over 100 Points as Semiconductors Slide; Crypto Stocks Buck the Trend
Market Pulse·
- During the August 24 session, U.S. stock indices diverged as the Dow rose 0.11 % to 53335 points, while the S P 500 fell 0.25 % to 7655 points and the Nasdaq dropped 0.55 % to 26035 points.
- The market sentiment turned cautious due to collapsed U.S. - Canada trade talks, proposed 50 % tariffs on Canadian autos and steel, and tech stock profit - taking that dragged down semiconductors and automotive shares.
- Conversely, cryptocurrency concept stocks and select Chinese shares bucked the trend to strengthen, driven by favorable sector developments and robust earnings reports.
