Stocks
Mixed Market Day Sees Dow Rise Amid Tech Sector Weakness
The US stock market experienced a mixed day on August 24, with uneven performances across various sectors. The Dow Jones Industrial Average rose by 0.31% to 53,440.36, while the Nasdaq declined by 0.56% to close at 26,035.14.
The S&P 500 lost 0.21%, finishing at 7,658.52, as semiconductor shares weighed heavily on the sector. Tech giants such as Nvidia and Micron Technology saw significant declines, with Nvidia falling by 2.3% to lead the decline in the S&P 500 index.
The session showed a clear split between industrial and defensive strength, with renewed pressure on technology stocks. Market participants were looking at inflation, tariff, and geopolitical concerns, with upcoming earnings of Nvidia creating further uncertainty.