Market Overview
At the close of trading on Wednesday, US stock indexes showed mixed performance. The Dow Jones Industrial Average rose 0.53%, while the Nasdaq Composite and the S&P 500 both declined, by 1.51% and 0.51% respectively.
Sector Performance
Tech stocks were in focus as leading companies reported weak performance. NVIDIA, Tesla, Broadcom, and Meta all fell more than 3%. Alphabet and Amazon also saw declines exceeding 2%.
Market Analysis
Analysts noted that the recent pullback in tech stocks may reflect concerns over high valuations and uncertainty in macroeconomic policies. Investors remain closely attuned to the Federal Reserve's future moves.