financetom
Market
financetom
/
Market
/
US stock indices driven lower by tech sector
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US stock indices driven lower by tech sector
May 8, 2024 9:28 AM

Most US stock indices fell on Wednesday under pressure from the tech sector as investors assess latest corporate results.

Earlier US payroll data showed a marked slowdown in the US labor market, which bolstered the case for multiple Fed interest rate cuts this year, however investors remain jittery regarding US monetary policies.

US corporations continue to report their earnings results for the first quarter, with some quite positive such as Microsoft, Apple, and Meta results, and some a bit mixed.

On trading, Dow Jones rose 0.2%, or 84 points to 38,960, while SP 500 fell 0.1%, or 5 points to 51,82, as NASDAQ shed 0.3%, or 47 points to 16,285.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved