Losses among significant technology companies contributed to declines in major stock indexes on Wall Street.
On Wednesday, the S&P 500 dropped by 0.4%. The Dow Jones Industrial Average decreased by 0.3% from the record high it reached the previous day, while the Nasdaq composite experienced a 0.6% loss.
The biggest downward influences on the market stemmed from Nvidia, Microsoft, and Broadcom. Dell saw a significant decline, plunging 12.2% after its revenue fell short of expectations, and HP faced an 11.4% decrease following a weaker-than-anticipated outlook. There was also a decline in Treasury yields within the bond market. U.S. financial markets will be closed on Thursday for Thanksgiving, with a half-day reopening scheduled for Friday.
On Wednesday, the S&P 500 decreased by 22.89 points or 0.4%, settling at 5,998.74. The Dow Jones Industrial Average fell by 138.25 points or 0.3%, to 44,722.06. The Nasdaq composite slipped by 115.10 points, down 0.6%, closing at 19,060.48, while the Russell 2000 index, which tracks smaller companies, saw a modest increase of 1.88 points or 0.1%, marking 2,426.19.
Looking at the performance for the week, the S&P 500 has risen by 29.40 points, or 0.5%. The Dow has gained 425.55 points, a rise of 1%, and the Nasdaq posted an increase of 56.83 points, which equates to 0.3%. The Russell 2000 index has also grown, climbing 19.52 points, or 0.8%.
Over the year, the total picture shows that the S&P 500 has surged by 1,228.91 points, translating to a 25.8% increase. The Dow has soared by 7,032.52 points, reflecting an 18.7% rise, while the Nasdaq has achieved a remarkable increase of 4,449.12 points, or 27%. The Russell 2000 index also shows strong performance with a yearly rise of 399.12 points, or 19.7%.