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Technology stocks pulled the S&P 500 lower after a disappointing forecast from Oracle damped enthusiasm for the sector.
The sector has rallied 13% in November, putting it on pace for its best month since July 2022, according to Dow Jones Market Data.
The technology sell-off is now bleeding into other areas of the market, dragging the Dow Jones Industrial Average down with it. The tech-heavy Nasdaq Composite is down for the second consecutive ...
Dow Jones Industrial Average was off about 316 point, or 0.8%, near 40,882 S&P 500 index was 33 points lower, or 0.6%, around 5,554, close to the session's 5,542.01 low S&P 500's information tech ...
The S&P 500's information-technology sector was the equity gauge's only segment advancing in afternoon trade, after AI darling Nvidia Corp.'s strong quarterly earnings. Stocks were lower Thursday ...
The stunning rise of Nvidia Corp to become the first publicly traded company valued at $4 trillion underscores the massive ...
Market Movements Driven by Tech Selloff and Sector Shift The U.S. stock market showed mixed performance on Monday, with the Dow Jones Industrial Average rising while the tech-heavy Nasdaq declined.
Stocks rose on Monday as gains in shares of chipmakers helped ease pressure on the battered technology sector at the start of another big week for corporate earnings.
Shares of technology companies rose as traders rotated back into a sector that sold off heavily last week. Apple shares were flat after an iPhone 16 launch revealed little new. Apple's expansion ...
The sector rotation trade that began on July 11 between the Nasdaq-100 (NDX) and the Russell 2000 was of historic proportions.
Qualitative Factors: Compared to the Nasdaq Composite and the S&P 500, the Dow gives greater weight to qualitative factors like a company's reputation, stability, and industry influence.
After some early climbing, technology stocks slide back into negative territory, while the Dow Jones industrial average makes gains on merger news.