Lates News

The S&P 500 Index closed down 0.8% with the consumer discretionary, energy, materials, financials, healthcare, and telecommunications sectors all falling by at least 1%. The Nasdaq 100 Index fell by about 0.9%, with Tesla down by 6.8%, ARM Holdings down by 5.1%, Marvell Technology down by 4.6%, and companies like Amgen, Xilinx, Qualcomm, and NXP all falling by over 2%. Pinduoduo ADR, on the other hand, closed up 1.4%, with CEG, Doordash, and Palantir showing strong performance with gains of 2.2%, 3.3%, and 3.4% respectively. The US tech giants index fell by 1%, and the "Trump tariff loser index" fell by 1.3%. The Philadelphia Bank Index fell by 1.8%, the banking index fell by 1%, and the biotechnology index fell by 1.5%.