MarketWatch reports preliminary FactSet data showed the Nasdaq fell 1.3% and the S&P 500 lost 0.5%.
MarketWatch reports that a tech-stock selloff left the Nasdaq Composite down 1.3% and the S&P 500 down 0.5% on Thursday, according to preliminary FactSet data. The Dow Jones Industrial Average edged higher, while Treasury yields fell.
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U.S. stocks finished mixed Thursday as technology shares dragged the Nasdaq and S&P 500 lower while the Dow managed a small gain.
MarketWatch reported that the S&P 500 fell 36.41 points, or 0.5%, to 7,765.36. The Nasdaq Composite dropped 345.35 points, or 1.3%, to 27,193.34. The Dow Jones Industrial Average rose 51.77 points, or 0.1%, to 51,231.64.
MarketWatch attributed the broader weakness to a technology-stock selloff as the artificial-intelligence trade came under scrutiny. Reuters also reported in two posts that semiconductor shares slumped as the S&P 500 and Nasdaq moved lower.
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MarketWatch said the Dow held onto a gain as Treasury yields retreated from elevated levels. Oil prices also eased from a larger jump earlier in the session, though concerns about the U.S.-Iran conflict remained in focus.
President Donald Trump said Thursday that the U.S. would not attack Iran before the November 3 midterm elections. MarketWatch said the statement appeared to bring some relief to parts of the market as Treasury yields moved further away from recent highs.
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