Wall Street Wavers as Big Tech Stocks Decline Amid Mixed Economic Signals
As the Thanksgiving holiday approaches, Wall Street experienced a wave of uncertainty, with major indices showing mixed performance. The Dow Jones Industrial Average briefly topped 45,000 for the first time, yet it faced pressure as tech stocks struggled. The Nasdaq Composite saw significant declines, leading the way down, particularly influenced by earnings setbacks from prominent companies like Nvidia and Dell. Inflation data added to the cautious sentiment, causing investors to reassess their positions ahead of potential Federal Reserve actions. Overall, the market displayed a contrasting picture with the S&P 500 and Nasdaq under pressure, while the Dow managed to close slightly higher despite a general trend of declines in the technology sector.
CNBC, New York Post , Yahoo Finance, The Wall Street Journal, The Associated Press, The Seattle Times, Reuters, Investopedia, Barchart, Seeking Alpha