Stocks Settle Lower as Tech and Crypto are Routed
The S&P 500 Index ($SPX) (SPY) on Thursday closed down -1.23%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -1.20%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.38%. March E-mini S&P futures (ESH26) fell -1.23%, and March E-mini Nasdaq futures (NQH26) fell -1.40%.
Stock indexes extended this week’s sell-off on Thursday, with the S&P 500 falling to a 1.5-month low and the Nasdaq 100 dropping to a 2.5-month low. The sell-off in technology stocks persists, with Qualcomm falling more than -8% to lead chip stocks lower after it forecasted weaker-than-expected Q2 revenue. Also, cybersecurity stocks sold off on Thursday, led by a 9% decline in CrowdStrike Holdings.
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