Stock Market Today: Dow Leads Losses
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Futures are pointing to a lower open again. At the moment, the Dow is down 163 points. The S&P 500 is down about 19, with the Nasdaq down about 61 points. “Markets are on a three-day losing streak as investors show fatigue following a 30% rally since April,
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TV News Check on MSNDow Drops 153, Nasdaq Sinks 73, S&P 500 Slips 26
Walmart helped pull Wall Street to its fifth straight loss Thursday. The post Dow Drops 153, Nasdaq Sinks 73, S&P 500 Slips 26 appeared first on TV News Check. The post Dow Drops 153, Nasdaq Sinks 73,
A steep slide in shares of semiconductor companies was dragging on the Nasdaq Composite on Tuesday afternoon, putting the tech-heavy index on track for a rare underperformance versus the Dow Jones Industrial Average.
Salesforce (NYSE: CRM) and Adobe (NASDAQ: ADBE) are down more than 20% year to date despite a 12% gain in the Nasdaq. Here's what's driving the sell-off in these artificial intelligence (AI) growth stocks, and if they could be worth buying now.
The tech-heavy Nasdaq Composite fell 7.23 points, remaining virtually unchanged at 21,122.45. The S&P 500 lost 23.51 points, or 0.4%, to close at 6,339.39.
Stocks continued to trade lower on Wednesday, while yields on U.S. government debt were little changed, after minutes of the Federal Reserve's July meeting showed that officials expected near-term inflation to increase.
While the Nasdaq Composite is known for its tech-focused growth stocks, it also has plenty of stocks that generate passive income.
The Nasdaq and S&P 500 fell on Wednesday as investors sold tech stocks and moved into less highly valued sectors, as they also awaited remarks from Federal Reserve officials at their Jackson Hole symposium this week.