S&P 500 and Nasdaq Face Downturn with Technology Stocks Taking a Hit
Market Overview
On Monday, the Dow was on track for consecutive gains, climbing 213 points or 0.5% to reach around 41,387. However, the S&P 500 and Nasdaq Composite were dipping slightly, losing 0.1% and 0.7% respectively.
Technology Sector Struggles
The S&P 500's information technology and communication services sectors fell by 0.9% and 0.3%. These declines reflect a notable retreat of technology shares amid broader market volatility.
Investor Sentiment
Investors are closely watching the tech sector, as its performance could significantly impact overall market trends. Continued pressure on tech could lead to reevaluation of growth prospects moving forward.
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.