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Nasdaq index will get creamed as excessive flyers take it on the chin

The US main indices closed blended as traders flowed out of of large-cap expertise shares and into the relative security of the industrials. The Dow industrial common rose, whereas the NASDAQ index acquired creamed with its largest decline since January 23 when the index fell -2.23%. Right this moment the index fell -2.05%.

A take a look at the ultimate quantity exhibits:

  • Dow Industrial Common common rose 211.02 factors or 0.56% at 37986.41
  • S&P index fell -43.87 factors or -0.88% at 4967.24. The decline was the sixth consecutive down day for the index.
  • NASDAQ index tumbled -319.49 factors or -2.05% at 15282.01.The decline was the sixth consecutive down day for the index.

The small-cap Russell 2000 rose 4.69 factors or 0.24% at 1947.65

For the buying and selling week, the Dow Industrial Common closed close to unchanged, however the NASDAQ at its worst buying and selling week since October 2022.

  • Dow Industrial Common rose 0.01% which was adequate to snap a two-week decline
  • S&P index fell -3.05% and closed decrease for the third consecutive week.
  • NASDAQ index-5.52%, and has now fallen for 4 consecutive weeks.

Shares of Nvidia had their worst day since March 2020. Tesla had closed at its lowest stage since January 2023.

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