News

This week, the S&P fell 0.4%, the Dow fell 0.5%, the Nasdaq fell 0.1%, the Nasdaq Technology Index was roughly flat, the Big Seven Tech Stocks Index rose 0.3%, the Semiconductor Index rose 0.2%, the Banking Index fell 2.1%, and the Biotechnology Index rose 3.1%. On Friday, the S&P 500 Index was initially roughly flat, with the Financial Sector down 1.3%, the Industrial Sector down 0.8%, the Energy Sector up 0.4%, the Technology Sector up 0.5%, and the Materials Sector up 0.8%. The Nasdaq 100 Index initially rose 0.3%, with component stocks such as Fortinet up 5%, Microsoft and Netflix up over 3%, Western Digital down 2.8%, Marvell Technology down 3.5%, and Intel down 16.9%. Goldman Sachs initially fell 3.7%, Caterpillar fell 3.3%, Disney and JP Morgan fell over 1%, leading the decline among Dow component stocks, while NVIDIA rose 1.5%, Coca-Cola rose 1.5%, Amazon rose 2.1%, and Microsoft rose 3.4%