Stock Market Today: Dow Falls
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Investors have worried about lofty technology valuations amid concerns over steep artificial intelligence spending.
Over 320 of the S&P 500’s components ended trading at least 10% below their 52-week highs on Tuesday, while the index was off 4% from its recent high
US indices saw early Thursday strength, supported by Nvidia earnings, though key resistance levels remain in focus. Markets appear generally bullish, with dips still viewed as buying opportunities and a potential Santa Claus rally on the horizon.
Dow fell 613 points. The S&P 500 slid 1.2% for a fourth straight loss. The Nasdaq dropped 1.7%. Tech led the sell-off. Nvidia fell 3% and is down 10% this month. Amazon and Microsoft also sank. Bitcoin hit $89,
Two of the three major U.S. stock indexes were trading near the session's lows ahead of midday. The Dow Jones Industrial Average was off about 260 points, or 0.6%, near 46,889. The S&P 500 index was 0.