The S&P 500 Index ($SPX) (SPY) Thursday closed down -0.88%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.08%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -2.24%.
Stock indexes Thursday settled mixed, with the Dow Jones Industrials climbing to a 7-week high and the Nasdaq 100 falling to a 1-week low. Thursday's rotation out of mega-cap technology stocks knocked the S&P 500 from a new record high and weighed on the broader market. Also, airline stocks were under pressure Thursday after Delta Air Lines forecast Q3 adjusted EPS below consensus. In addition, Tesla tumbled more than -8% to weigh on technology stocks after it postponed its planned robotaxi unveiling to October.
