US stocks attempted an unsuccessful rebound on Thursday as the Nasdaq and S&P 500 added to Wall Street's latest Big Tech sell-off, fueled by concerns the artificial intelligence trade could be losing steam. The Nasdaq Composite , which wobbled between losses and gains throughout the trading day, closed down about 0.9%, after coming off the worst day for the tech-heavy index since October 2022. The benchmark S&P 500 dropped 0.
Nikkei 225 sank to a 3%-plus loss at the close, though a sudden yen gain also drove the Tokyo benchmark into technical correction. At the same time, concerns about the robustness of the US economy are emerging as big-name earnings misses cast doubt on how consumers are holding up in the face of historically high borrowing costs.
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Stock market today: Wall Street ends mixed, nudging the S&P 500 and Nasdaq to more recordsStocks wavered to a mixed close on Wall Street, nudging the S&P 500 and the Nasdaq composite to more records. The S&P 500 inched up 0.1% Monday, and the Nasdaq rose 0.3%. The Dow Jones Industrial Average gave up an early gain and fell 0.1%.
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Stock market news today: Stocks slip en route to sharp weekly losses for S&P 500, NasdaqStocks are facing another rough ride after a global IT outage hit businesses worldwide, with weekly losses in play.
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