Wall Street sells off: S&P 500 −4.4% as tech shares drag
Thursday 5 November: the S&P 500 tumbled 4.4% to 7,353.73, the Nasdaq Composite −5.5% and the Dow −3.4%.
US stocks dropped on Thursday, with the S&P 500 losing 4.4% as technology shares led the decline. The S&P 500 tumbled 4.4% to 7,353.73, the Nasdaq Composite tumbled 5.5% to 24,315 and the Dow Jones sank 3.4% to 51,523.
Communication services was the strongest of the 11 sectors, down 0.5% on average, while technology was the weakest at −7.7%. AppLovin (APP) led the gainers with a 31.0% jump, ahead of Tapestry (TPR) at 7.1% and Verisk Analytics (VRSK) at 6.9%. On the downside, Sandisk (SNDK) fell 22.3%, Lumentum (LITE) 18.7% and Micron Technology (MU) 17.5%.
Of the 499 large US stocks StocksXray tracks, 73 rose and 426 fell. The VIX volatility index rose to 28.2. The dollar index was little changed.
For the year, the S&P 500 is up 7.4%, 5.9% below its 52-week high. StocksXray's Market Compass reads Risk-on, with 0 of 7 warning signals on.
The numbers
| Market | Last | Day |
|---|---|---|
| S&P 500 | 7,353.73 | −4.36% |
| Dow Jones | 51,523.06 | −3.44% |
| Nasdaq Composite | 24,315.00 | −5.52% |
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Educational only, not financial advice. Numbers beside the story are from our own data.