Impact of Mega-Cap Tech Stock Decline on Broader Equity Market
Thursday, 11 July 2024, 22:11
Market Update: Mega-Cap Tech Stock Slump
The S&P 500 Index ($SPX) closed down -0.88%, while the Nasdaq 100 Index ($IUXX) closed down -2.24%.
Stock Indexes Performance:
- The Dow Jones Industrials Index ($DOWI) closed up +0.08%.
- The market settled mixed with the Dow Jones climbing to a 7-week high.
This update underscores the impact of the mega-cap tech stock slump on the equity market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.