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S&P 500 closes lower as tech stocks slide; SpaceX notches 3-day losing streak: Live updates
The S&P 500 and Nasdaq closed lower as a tech sell-off and a drop in SpaceX shares weighed on the market. Alphabet, Amazon, and Nvidia also faced selling pressure. This downward trend occurred despite some optimism regarding U.S.-Iran peace talks.
What changed
Tech sector weakness and a SpaceX share plunge offset gains from lower oil prices and Iran negotiations.
Live updates
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S&P 500 and Nasdaq Fall as Tech Stocks and SpaceX Slide
confidence 90%The S&P 500 and Nasdaq closed lower as a tech sell-off and a drop in SpaceX shares weighed on the market. Alphabet, Amazon, and Nvidia also faced selling pressure. This downward trend occurred despite some optimism regarding U.S.-Iran peace talks.
What's confirmed:
- The S&P 500 and Nasdaq closed lower.
- SpaceX shares experienced a 16% decline.
- Alphabet and Amazon faced significant drops.
- U.S. crude oil settled below $74 a barrel.
Still unconfirmed:
- Losses for Korean memory chipmakers fueled doubts about the AI trade.
- The Dow inched higher supported by lower oil prices.