Wall Street Finishes Mixed as Tech Weakness Offsets Gains in Other Sectors
The benchmark S&P 500 slipped 19.08 points, or 0.26%, ending the session at 7,386.65. The Nasdaq Composite, which is heavily weighted toward technology companies, recorded a steeper decline, falling 250.84 points, or 0.97%, to finish at 25,678.82. In contrast, the Dow Jones Industrial Average managed a modest gain of 86.10 points, or 0.17%, closing at 50,872.11.
Investor caution increased during the session, with the Volatility Index (VIX), commonly known as the market’s “fear index,” rising 5.02% to 19.87.
Semiconductor stocks once again came under pressure after a short-lived rebound a day earlier. The iShares Semiconductor ETF dropped more than 1.6%, reversing part of its previous recovery after gaining 6% on Monday. The fund had already suffered a sharp 10% decline on Friday, marking its largest one-day drop in six years.
Among major chipmakers, Micron Technology lost nearly 1.4%, surrendering some of the gains from its roughly 10% jump in the prior session. Broadcom also moved lower, shedding more than 1.1%, as concerns persisted over elevated valuations tied to artificial intelligence-related investments.
Technology stocks led sector losses within the S&P 500, declining by nearly 4%. Energy shares also weakened, falling about 2% as oil prices moved lower.
Crude oil retreated significantly, with West Texas Intermediate dropping around 3.1% to $88.45 per barrel. Brent crude also declined, trading near $91 per barrel. According to reports, traders assessed signs of reduced supply-related worries while continuing to monitor ongoing geopolitical tensions.
Earlier in the week, US President Donald Trump stated that talks aimed at ending the conflict with Iran had reached their final phase and suggested that a clearer outcome could emerge within days. He additionally said the US could declare “total victory” within two weeks.
Meanwhile, Trump said Iran had downed a US Apache helicopter near the Strait of Hormuz and that Washington would respond. According to official statements, two crew members were rescued after the aircraft crashed off the coast of Oman, while the cause of the incident was still being investigated.
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