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The S&P 500 index closed down 0.4% initially, with the technology and telecom sectors falling by up to 0.9%. The Nasdaq 100 index dropped by 0.6%, with components VRTX falling by 20%, AMD dropping by 9.3%, AppLovin falling by 4.2%, MSTR dropping by 3.2%, and Intel rising by 3.8%. Palantir rose by 7.8% and Axon rose by 16.1%. The Philadelphia Semiconductor Index fell by 0.8%, while the Russell 2000 index rose by 0.5%.
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