Dow Dives Amid Tech Slump and Rate Jitters
TL;DR Summary
The stock market saw mixed results on Thursday, with small caps like Robinhood and Universal Health gaining, while cloud stocks, led by Salesforce, suffered significant losses. The Nasdaq composite fell 1.1%, and the S&P 500 lost 0.6%, while the Russell 2000 rallied 1.1%. Concerns over U.S. government restrictions on AI chip sales to the Middle East impacted semiconductor stocks. Investors are awaiting an inflation report due Friday.
- Stock Market Today: Dow Slumps 330 Points But Small Caps Rebound; Robinhood, Universal Health, HP Break Out Investor's Business Daily
- Why the Dow fell 1,000 points in the last three days CNN
- Stock market today: Dow extends slide as Salesforce plunges, rate jitters rattle tech Yahoo Finance
- Dow Jones Futures: Fed Inflation Report Due After Key Stock Market Sector Dives; Dell Plunges Late Investor's Business Daily
- Stocks close lower, Dow falls more than 300 points as Salesforce plunges 20%: Live updates CNBC
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
6 min
vs 7 min read
Condensed
94%
1,211 → 67 words
Want the full story? Read the original article
Read on Investor's Business Daily