News

This week, the S&P 500 fell approximately 1.6%, the Dow Jones Industrial Average fell 1.4%, and the NASDAQ fell 2.2%; the index of the seven tech giants fell 3.7%, the memory chip index rose about 3%, the semiconductor index rose 0.9%, and the small-cap index fell 1.1%. On Friday (the day the U.S. CPI inflation data was released), the S&P 500 index initially closed roughly flat, with the telecommunications sector down 0.8%, the technology sector down 0.5%, the real estate sector up 1.4%, and the utilities sector up 2.5%. The NASDAQ-100 index initially rose 0.2%. Among the constituent stocks, Strategy rose 8.7%, Applied Materials rose 7.7%, Decent Medical rose 7.3%, Applovin rose 6.3%, Seagate Technology, Axon, Meta, and Broadcom fell by up to 1.9%, while Apple, NVIDIA, Atlassian, and Starbucks fell by up to 2.6%. Nike initially rose 3.2%, UnitedHealth rose 3%, Disney rose 2.9%, and Cisco rose 2.5%, leading the Dow components, while Visa fell 3.2%, leading the declines along with NVIDIA and Apple