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S&P Rings up 5th Loss in 6 Days as Tech Stocks Drag Index Down, Led by AMD's 17.3% Drop
6 Articles
6 Articles
S&P rings up 5th loss in 6 days as tech stocks drag index down, led by AMD's 17.3% drop
More drops for technology stocks weighed on Wall Street Wednesday. The S&P 500 fell 0.5% for its fifth modest loss in the last six days. The Dow Jones Industrial Average rose 260 points, or 0.5%, and the Nasdaq composite sank 1.5%. More than twice as many stocks rose within the S&P 500 than fell, but sinking technology stocks weighed on the index for a second straight day. Advanced Micro Devices dropped 17.3% even though the chip company reporte…
More drops for technology stocks weigh on Wall Street - WXXV News 25
By STAN CHOE NEW YORK (AP) — More drops for technology stocks weighed on Wall Street Wednesday. The S&P 500 fell 0.5% for its fifth modest loss in the last six days. The Dow Jones Industrial Average rose 260 points, or 0.5%, and the Nasdaq composite sank 1.5%. More than twice as many stocks rose within the S&P 500 than fell, but sinking technology stocks weighed on the index for a second straight day. Advanced Micro Devices dropped 17.3% even …
New York stock markets closed with mixed results on Wednesday, with another sharp loss for the technology benchmark Nasdaq. Chip company Advanced Micro Devices (AMD) was a notable loser, down over 17 percent after disappointing guidance. Other major chip stocks on Wall Street were also dragged down by AMD's share price. There were also numerous corporate earnings reports.
The S&P 500 and Nasdaq expanded their losses this Wednesday, due to the intensification of the sales wave in technological shares, led by the sharp fall in the shares of Advanced Micro Devices. The overall market index fell by 1%, while the Nasdaq Composite yielded 2.3%. Meanwhile, the Industrial Average Dow Jones totaled 64 points, or 0.1%. Adding to risk aversion, the bitcoin plummeted by 5%, falling below the level of $73,000. AMD’s shares hi…
While there was a very strong positive mood here on Wednesday and three blue chips, in addition to BUX, rose to new historical highs, technology stocks continued to fall in America. This time AMD performed particularly poorly, after the share price fell by 17 percent due to the company's more cautious forecasts than expected. We will also cover similar topics at our investment conference on February 24, Portfolio Investment Day 2026, where the …
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