Stocks bounced at the open today after Friday's steep sell off, but a reversal in mega-cap technology and semiconductor stocks midday left the different indexes mixed.
Stocks bounced at the open today after Friday's steep sell off, but a reversal in mega-cap technology and semiconductor stocks midday left the different indexes mixed.
Buying in big cap technology stocks at the start of the fourth quarter (Q4) pushed the S&P 500, NASDAQ and NASDAQ 100 (NDX) to new all-time highs. However, disappointing earnings reports and growing concerns about the sustainability of AI-related cash flows triggered a late-month technology selloff
The major averages tried to find firmer footing under October's slide this week but a steep selloff in technology stocks left the S&P 500 and NASDAQ at their lows for the month.
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| Index | Close | Day Change | Day % Change | YTD % Change |
|---|---|---|---|---|
| NASDAQ COMPOSITE | 25164.32 | -272.68 | -1.07% | 8.27% |
| DJ UTILITIES | 1118.52 | 7.02 | 0.63% | 4.72% |
| DJ TRANSPORT | 20642.92 | 313.59 | 1.54% | 18.93% |
| DJ INDUSTRIALS | 51983.98 | 213.67 | 0.41% | 8.16% |
| NYSE COMPOSITE | 24372.07 | 78.98 | 0.33% | 10.76% |
| S & P 100 INDEX | 3708.39 | -29.01 | -0.78% | 8.04% |
| RUSSELL 2000 | 2805.88 | -5.96 | -0.21% | 13.05% |
| S&P 500 | 7541.4 | -38.67 | -0.51% | 10.17% |
| CBOE MKT VOLATILITY | 21.15 | 1.73 | 8.91% | 41.47% |
| AMEX COMPOSITE | 8405.2 | -183.74 | -2.14% | 22.4% |
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