Stock market closes lower as AI weakness and tech selloff pressure major indexes cover art

Stock market closes lower as AI weakness and tech selloff pressure major indexes

Stock market closes lower as AI weakness and tech selloff pressure major indexes

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According to WTOP News, the U.S. market finished Friday with the **S and P five hundred** down **three point four seven points**, or *less than one tenth of one percent*, at **seven thousand three hundred fifty four point zero two**, the **Dow Jones Industrial Average** down **forty four point five one points**, or *one tenth of one percent*, at **fifty one thousand eight hundred seventy six point one one**, and the **Nasdaq Composite** down **sixty point nine nine points**, or *two tenths of one percent*, at **twenty five thousand two hundred ninety seven point six two**[1]. WTOP News also reported that the week was driven lower by weakness in **artificial intelligence stocks**, while **oil prices eased** and Treasury yields fell, helping limit broader losses[1]. According to Yahoo Finance, sector leadership was mixed, with **consumer cyclicals** among the better performers, while **industrials** and **energy** were weaker[7]. The same source highlighted heavy pressure in technology, especially chipmakers, as **Sandisk** fell more than ten percent and **Micron Technology** dropped seven percent[7]. According to MarketWatch, the biggest individual decliners included **Lululemon**, down **fourteen point one nine percent**, **On Semiconductor** down **six point four four percent**, and **DoorDash** down **five point eight eight percent**, while one of the notable gainers was **W. R. Berkley**, up **seven point five three percent**[2]. Zacks reported that recent market tone was also shaped by cautious sentiment around **valuation in technology** and by a still mixed read on economic data, including lower initial jobless claims for the week ending June twentieth[6]. For forward looking cues, Yahoo Finance reported **Dow futures** lower by **two hundred twenty seven points** and **Nasdaq futures** lower by **fifty eight point seven five points** before the next session[12]. Market calendars cited by Yahoo Finance and Futu suggest listeners should watch the next round of **economic releases**, plus any fresh **earnings updates** that could either extend the selloff in technology or stabilize broader risk appetite[9][12]. Thanks for tuning in, please subscribe. This has been a quiet please production, for more check out quiet please dot ai. For great deals check out https://amzn.to/403yeYo
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