US stock indexes show mixed moves as tech shares slide
The S&P 500 ended the session 0.42% lower at 7,560.87 points, while the Nasdaq Composite fell 0.91% to 25,135.96 points. The Dow Jones Industrial Average rose 0.09% to 52,343.23 points. Nvidia's stock continued its decline for a sixth straight week, the longest streak since October 2012, and the Philadelphia Semiconductor Index dropped 3.7%, led by losses in Advanced Micro Devices and Broadcom. Analyst Anthony Saglimbene of Ameriprise Financial noted that the AI sector is experiencing heightened volatility after recent leadership changes at Nvidia.
Key facts
- S&P 500 closed at 7,560.87 points, down 31.53 points.
- Nasdaq closed at 25,135.96 points, down 230.13 points.
- Dow Jones closed at 52,343.23 points, up 46.14 points.
- Philadelphia Semiconductor Index fell 3.7% on the day.
- Nvidia's decline marks its longest weekly losing streak since 2012.
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Why it matters
Tech market swings affect broader investor sentiment and AI sector stability.
What changed
First published from The Economic Times