News
S&P 500 and Nasdaq Decline on Technology Sector Weakness
The S&P 500 and Nasdaq declined on Thursday, with the Technology sector contributing to the overall weakness. The Technology sector, which comprises about 40% of the S&P 500's market capitalization, saw a decline of 1.8% on Thursday, compared to a decline of only 0.1% on Wednesday. This was the only sector to close with a decline greater than 0.5%. The remaining sectors showed improvement, with two sectors advancing by more than 2% and all advancing sectors rising by more than 0.2%.