Tech Sector Weakness Weighing On Wall Street
Tech sector weakness is impacting Wall Street, with the Nasdaq down 1.1% and the S&P 500 down 0.5%, while the Dow shows a modest gain of 0.1%. The decline is driven by poor performance in software and semiconductor stocks, despite a surge in Palantir Technologies shares. Housing stocks are performing well, boosting the Philadelphia Housing Sector Index by 3.8%. Traders are also monitoring a funding bill vote in Washington, affecting job report releases. In global markets, Asia-Pacific stocks rose, while major European markets declined.
