US Stock Market Performance Analysis: Key Index Trends and Insights for Wednesday, 4/17/2024
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- Wall Street experienced another downturn as technology stocks continue to sink, leading to the S&P 500’s fourth consecutive loss.
- The Dow Jones Industrial Average also saw a slight decrease, while the Nasdaq composite fell by 1.1%.
- This slump in tech stocks was triggered by ASML, a key supplier to the semiconductor industry, reporting weaker orders than anticipated.
Wall Street suffers another blow as technology stocks continue to plummet, leading to the S&P 500’s longest losing streak since early January.
Wall Street’s Continued Downturn
Wall Street continues to experience a downturn as technology stocks sink, leading to the S&P 500’s fourth consecutive loss. The index dipped 0.6% on Wednesday, marking its longest losing streak since early January. The Dow Jones Industrial Average also saw a slight decrease, edging down by 0.1%, while the Nasdaq composite fell by 1.1%.
ASML’s Weaker Orders Trigger Tech Stock Slump
The slump in tech stocks was triggered by ASML, a Dutch company that is a major supplier to the semiconductor... Read the full article for FREE at COINOTAG!
