It was a mixed session on Wall Street on Thursday, with the Dow Jones Industrial Average rising 0.5%, while the S&P 500 slipped 0.25% and the Nasdaq Composite fell 0.6%, weighed down by weakness across the major technology names.
Among the big tech movers, Meta plunged 12%, leading losses after disappointing investor sentiment. Microsoft fell 1.7%, while Nvidia slid 2% following recent record highs.
Other notable decliners included Amazon, Broadcom, Tesla, Palantir, and AMD, all down between 1% and 3%, as profit-taking and caution ahead of upcoming earnings kept pressure on the broader tech sector.
The divergence reflects continued investor rotation from high-growth technology stocks into more defensive and cyclical sectors amid uncertainty over future Federal Reserve rate policy and corporate earnings momentum.
