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S&P 500, Nasdaq fall as tech selling resumes
Reuters Videos72d agobearishVIDEO
S&P 500, Nasdaq fall as tech selling resumes

<body><p>STORY: U.S. stocks closed mostly lower on Tuesday, though the blue-chip Dow bucked the trend with a slight gain, while the S&P 500 shed about a quarter of a percent and the Nasdaq dropped almost one percent.</p><p>The VIX volatility index hit its highest level since April 7 during the session as stocks sold off.</p><p>Jason Browne is president of Alexis Investment Partners.</p><p>"Its been a wild ride for stocks today. We opened actually positive. We had S&P 500 go up and touch its 20-day moving average and then immediately reverse. And so we have at the moment what looks like a key reversal day. In other words, we exceeded the prior day's highs and then we sold off and we actually exceeded the prior day's lows."</p><p>Technology stocks resumed Friday's selloff following a bounce on Monday. The S&P 500 tech index fell more than 4% before paring losses. The Philadelphia Semiconductor Index dropped as much as 8.6% after rising 3% in early trading.</p><p>:: SpaceX</p><p>SpaceX's market debut on Friday could also be a hurdle for stocks as investors worry about possible overexuberance among high-growth tech stocks.</p><p>:: Archive</p><p>Meanwhile, President Donald Trump wrote in a social media post that Iran had shot down the U.S. Apache helicopter that was patrolling the Strait of Hormuz overnight.</p><p>Trump vowed to respond, which added to doubts about prospects for a truce in the Middle East war.</p></body>

Associated Press72d agoneutral
How major US stock indexes fared Tuesday 6/9/2026

The Dow Jones Industrial Average edged up 0.2%, and the Nasdaq composite sank 1%. Indexes swung lower after companies selling computer chips, memory and other building blocks of the AI boom broke from early gains to losses. The drops for AI stocks drowned out the benefit of lower oil prices, and most stocks in the S&P 500 rose.

Nasdaq's Wild Day Shows Robots Are Running the Market
Barrons.com72d agoneutral
Nasdaq's Wild Day Shows Robots Are Running the Market

The Nasdaq Composite reversed sharply at a key level on Tuesday in a move that suggests robots are running the market right now. Instead, the moves appeared to be driven by traders who implement technical analysis, chase momentum, and those who employ other quantitative analysis strategies such as commodity trading advisors. “May marked one of the strongest rebounds on record, with many indices posting historically strong 9-week rallies,” writes Mizuho’s Daniel O’Regan.