This week, the S&P 500 fell about 2.1%—the energy sector rose 0.8%, the Dow Jones dropped 3.1%, the Nasdaq fell 1.2%, the semiconductor index dropped 7.1%, the Magnificent Seven tech index fell 0.5%, and the banking index dropped 3.7%.
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The S&P 500 index preliminarily closed down 1.3%, with the materials sector falling 2%, and the consumer discretionary, technology, financial, industrial, telecommunications, and real estate sectors each dropping up to 1.9%. The Nasdaq 100 index preliminarily closed down 1.5%. Among its constituents, ODFL preliminarily closed down 7.7%, Lam Research fell 7.3%, Micron Technology, Applied Materials, KLA, ASML ADR, Intel, and Arm Holdings each dropped up to 6.7%. Palantir and Intuit rose 3%, while Marvell Technology surged 18%. Caterpillar preliminarily closed down 3.4%, Nvidia fell 3.1%, Amazon, American Express, and 3M each dropped over 2%, leading the declines among Dow Jones components. Salesforce rose 0.1%, IBM gained 0.5%, and Boeing climbed 3.9%.
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