NextFin News -
Market overview
The U.S. stock market closed lower on the session as risk-off sentiment hit large-cap technology and growth benchmarks, while defensive sectors showed relative resilience. The S&P 500 and Nasdaq marked session lows near their closes amid broad-based selling.
Key indices
- S&P 500: 6,796.86 (down 143.15 pts, -2.06%)
- Nasdaq 100: 22,954.32 (down 561.07 pts, -2.39%)
- Dow Jones Industrial Average: 48,488.59 (down 870.74 pts, -1.76%)
Sector performance
Defensive names outperformed while cyclical and growth-oriented sectors lagged.
- Consumer staples (XLP): +0.30% (best performer)
- Technology (XLK): -2.60%
- Consumer discretionary (XLY): -2.60%
- Financials (XLF): -2.28%
- Industrials (XLI): -2.02%
- Communication services (XLC): -1.48%
- Energy (XLE): -0.19%
- Healthcare (XLV): -0.22%
Notable movers
- Apple (AAPL): $246.86, down $8.67 (-3.39%); volume 77,254,304; market cap noted near $36.28 billion.
- Nvidia (NVDA): $178.18, down $8.05 (-4.32%); volume ~218,132,849; market cap reported near $43.31 billion.
- Tesla (TSLA): $419.25, down $18.25 (-4.17%); volume 62,147,343; market cap around $13.94 billion.
- Microsoft (MSFT): $454.79, down $5.07 (-1.10%); volume ~25,969,030; market cap near $33.80 billion.
- Amazon (AMZN): $231.00, down $8.12 (-3.40%); volume ~46,942,269.
- Alphabet (GOOGL): $322.00, down $8.00 (-2.42%); volume ~34,791,834.
- Meta (META): $604.12, down $16.13 (-2.60%); volume ~15,025,618.
Volume and flows
Equity-quote volume and market-cap figures point to elevated trading in large-cap technology names, notably Nvidia and Apple, consistent with outsized moves and distribution. Sector ETFs with heavier flows included XLK (fell 2.60% on ~19,941,790 shares) and XLF (fell 2.28% on ~54,975,095 shares), underscoring broad-based selling across growth and cyclical pockets.
News & context
Attempts to retrieve same-day market news via the Tavily news API returned errors (usage limit reached), so Tavily-sourced headlines and verified macro releases (CPI/PPI, GDP, labor reports, or Fed statements) were not available for inclusion. Because causal headlines could not be confirmed through the requested news endpoint, interpretations about drivers are based on price and volume patterns; readers should consult primary sources (Bureau of Labor Statistics, Bureau of Economic Analysis, Federal Reserve, and major wire services) for confirmed macro releases and headline context.
Conclusion
The session closed on broad-based selling led by technology and consumer discretionary, with investors rotating modestly into defensive names such as consumer staples. Cross-check this market-data-driven summary with live news feeds for confirmed headline-driven explanations and watch official economic calendars for imminent releases that may influence near-term direction.
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