U.S. Stocks Slip as Midday Rebound Fades; Tech Leads Declines
The U.S. stock market ended lower after an early bounce failed to hold, leaving major benchmarks in the red from open to close. A brief midday rally lost steam, and while indices recovered from their worst levels, sellers remained in control into the closing bell.
At the close, the Dow Jones Industrial Average fell 498.50 points, or 1.07%, to 46,091.74. The S&P 500 declined 55.09 points, or 0.83%, to 6,617.32, and the Nasdaq Composite dropped 275.23 points, or 1.21%, to 22,432.85. All three indices finished well above session lows—when the Dow was down as much as 676 points, the S&P 500 was off 98.09 points, and the Nasdaq was lower by 476.93 points—yet remained firmly negative by the close.
Technology and growth names paced the pullback ahead of a closely watched earnings report from Nvidia due after the close tomorrow. Nvidia shares slipped 2.81% to $181.37. Other notable decliners included Home Depot (-6.0%), Western Digital (-5.94%), Micron (-5.56%), Amazon (-4.43%), AMD (-4.31%), Microsoft (-2.70%), IBM (-2.42%), Palantir (-2.29%), Fortinet (-2.17%), and Block (-2.12%). The tone underscores lingering caution across Wall Street as investors assess megacap tech, chipmakers, and consumer-sensitive names.
Key Points: – Dow -498.50 (-1.07%) to 46,091.74; S&P 500 -55.09 (-0.83%) to 6,617.32; Nasdaq -275.23 (-1.21%) to 22,432.85 – All three indices stayed negative throughout the session despite a brief midday bounce – Markets finished off intraday lows: Dow -676 at worst, S&P -98.09, Nasdaq -476.93 – Nvidia fell 2.81% to $181.37 ahead of earnings due after tomorrow’s close – Tech and growth stocks led declines, with notable drops in Home Depot, Western Digital, Micron, Amazon, AMD, and Microsoft
