Major U.S. indexes closed mixed as investors shifted away from large-cap technology stocks to the relative safety of industrial stocks. The Dow industrial average rose, while the NASDAQ index saw its biggest decline since January 23, when the index fell -2.23%. Today, the index fell -2.05%.
A look at the final figure shows:
- The Dow Industrial Average rose 211.02 points or 0.56% to 37,986.41
- The S&P index fell -43.87 points or -0.88% to 4967.24. This is the 6th consecutive day of decline for the index.
- The NASDAQ index fell -319.49 points or -2.05% to 15282.01. This is the 6th consecutive day of decline for the index.
The small-cap Russell 2000 rose 4.69 points or 0.24% to 1,947.65
For the trading week, the Dow Industrial Average closed virtually unchanged, but the NASDAQ had its worst trading week since October 2022.
- The Dow Industrial Average rose 0.01%, enough to end a two-week decline.
- The S&P index fell -3.05% and closed lower for the third consecutive week.
- The NASDAQ index is 5.52%, and has now been down for four consecutive weeks.
Nvidia shares had their worst day since March 2020. Tesla closed at its lowest level since January 2023.
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