At The Closing of NYSE, Dow Jones Industrial Average fell 397 points, or 0.8%, while the S&P 500 index fell 1.1%, and the NASDAQ Composite slipped 1.9%. The S&P 500 fell Thursday, as sellers returned to tech with AI names including Nvidia the hardest hit amid concerns about valuations while data showing big job cuts stoked concerns about the economy.
In the regular session, the S&P 500 rose 0.4%, the NASDAQ Composite gained 0.7% and the Dow Jones Industrial Average added 0.5%, rebounding from Tuesday’s sharp selloff in mega cap tech shares. The JCI closed higher +0.93% in the green zone at the 8318.5 level, where the 8300 resistance area successfully broke out.
The S&P 500 weakened by 1.2%, the NASDAQ Composite dropped more than 2%, while the Dow Jones Industrial Average declined 0.5%. The JCI (IHSG) closed down 0.4% in negative territory at 8241.9, with the next resistance level still at 8300.
The S&P 500 and NASDAQ Composite ended 0.2% and 0.5% higher, respectively, helped by strength in megacap technology stocks and optimism over AIdriven growth prospects. The Dow Jones Industrial Average, however, slipped 0.5% as investors booked profits after last week’s rally.
The S&P 500 rose 0.3%, posting a 2.3% gain throughout October and marking its sixth consecutive monthly rally. The Nasdaq Composite gained 0.6% on the day and advanced nearly 4.7% for the month, while the Dow Jones Industrial Average added 0.1%, recording a 2.5% monthly increase.
Major Wall Street indices weakened: Dow Jones -0.2%, S&P 500 -1%, and Nasdaq -1.6%, pressured by sell-offs in tech stocks after mixed earnings reports. Meta plunged 11.3%—its worst drop in three years—due to plans for higher capital expenditures on AI. Microsoft fell 2.9% after recording record-high capital spending and signaling further cost increases.
The three major U.S. indices — Dow Jones +0.4%, S&P 500 +0.4%, and Nasdaq +0.8% — once again closed at new record highs. Positive sentiment was supported by optimism toward a U.S.–China trade agreement and expectations that the Federal Reserve will cut rates by 25 bps on Wednesday, bringing the federal funds rate to the 3.75%–4.00% range.
All three major Wall Street indexes hit fresh record highs on Monday for the second consecutive session. The Dow Jones rose 0.7%, the S&P 500 gained 1.2%, and the Nasdaq surged 1.9%, driven by a rally in the “Magnificent 7” mega-cap tech stocks.
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