Divergent Closing Performance of Major US Stock Indices, Tech Stocks Generally Decline
Publication Time:2024-07-31 04:17:06
In the recent trading session, the US stock market exhibited notable divergences. The NASDAQ Composite Index lagged, recording a 1.28% decline, and the S&P 500 index also did not escape unscathed, closing down 0.5%. In contrast, the Dow Jones Industrial Average displayed a stronger resilience, ultimately closing up by 0.5%. Notably, NVIDIA's stock price suffered a significant drop of over 7%, marking its lowest closing price since late May. Furthermore, Tesla, Netflix, Microsoft, Amazon, and Meta, among other large tech stocks, experienced declines to varying degrees, with Tesla's falling more than 4%. By contrast, Apple and Google saw their share prices increase, albeit modestly.
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Tech stocks