Nasdaq, S&P end lower as tech stocks fall
Nasdaq and S&P 500 retreat as technology stocks face pressure, while Micron earnings provide a late-session lift.
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The brief
The Nasdaq and S&P 500 closed lower following a decline in the technology sector. This market movement coincided with a deepening slump in oil prices.
Coverage from Reuters, The Wall Street Journal, Yahoo Finance, and Investor's Business Daily highlights that while tech stocks struggled during regular trading, Micron saw shares soar following the release of its financial results. This performance contributed to a recovery in after-hours trading.
Market participants are now tracking upcoming Federal Reserve inflation data. Further details regarding the impact of these economic indicators on future trading sessions remain to be seen.
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Quick answers
How did the markets perform during regular trading?
Both the Nasdaq and the S&P 500 ended the day lower due to weakness in the technology sector.
What moved the market in after-hours trading?
Micron shares soared following the release of its results, which helped lift the chip sector.
What data is currently expected by the markets?
Investors are awaiting the release of Federal Reserve inflation data.
Coverage (4)
- S&P 500, Nasdaq Close Lower On Tech Weakness But Recover After-Hours On Strong Micron Earnings Yahoo Finance · 3h ago
- Oil Slump Deepens While Tech Stocks Struggle WSJ · 5h ago
- Futures: Micron Soars On Results, Lifts Chips; Fed Inflation Data Due Investor's Business Daily · 5h ago
- Nasdaq, S&P end lower as tech stocks fall Reuters · 5h ago
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