U.S. stocks retreated Thursday, with all three major indexes closing lower. The tech sector led the downturn, dragging down market sentiment. The Nasdaq Composite dropped 1.00%, the S&P 500 fell 0.53%, and the Dow Jones Industrial Average slipped 0.08%.
Tech Heavyweights Pull Back
Big tech names were broadly lower, signaling a shift in investor appetite. Oracle and Broadcom each declined over 4%, while Amazon, Microsoft, and Meta Platforms dropped more than 2%. Nvidia, Tesla, and Netflix also fell by over 1%.
- Oracle: -4.2%
- Broadcom: -4.1%
- Amazon: -2.3%
- Microsoft: -2.1%
- Meta: -2.5%
Intel Shines Amid Broader Slide
Amid the widespread weakness, Intel emerged as a standout, climbing over 3%. Analysts attributed the gain to progress in its chip manufacturing roadmap and improved cost efficiency, sparking renewed optimism.
Market activity remained cautious, with investors closely watching upcoming economic data and Federal Reserve signals for clues on the next directional move.