Wall Street sells off: S&P 500 −1.8% as tech shares drag
Friday 30 October: the S&P 500 fell 1.8% to 7,580.07, the Nasdaq Composite −2.9% and the Dow −1.1%.
US stocks dropped on Friday, with the S&P 500 losing 1.8% as technology shares led the decline. The S&P 500 dropped 1.8% to 7,580.07, the Nasdaq Composite sank 2.9% to 25,437 and the Dow Jones dropped 1.1% to 51,770.
Energy was the strongest of the 11 sectors, up 1.6% on average, while technology was the weakest at −4.4%. FedEx Freight Holding (FDXF) led the gainers with a 14.9% jump, ahead of Regeneron Pharmaceuticals (REGN) at 13.3% and Global Payments (GPN) at 13.0%. On the downside, Reddit (RDDT) fell 29.2%, Intel (INTC) 28.6% and Illumina (ILMN) 18.6%.
Of the 500 large US stocks StocksXray tracks, 225 rose and 275 fell. The VIX volatility index rose to 19.4. The dollar index was little changed.
For the year, the S&P 500 is up 10.7%, 3.1% below its 52-week high. StocksXray's Market Compass reads Risk-on, with 1 of 7 warning signals on.
The numbers
| Market | Last | Day |
|---|---|---|
| S&P 500 | 7,580.07 | −1.82% |
| Dow Jones | 51,770.31 | −1.09% |
| Nasdaq Composite | 25,437.00 | −2.86% |
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Educational only, not financial advice. Numbers beside the story are from our own data.