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Barchart
Barchart
Rich Asplund

Weakness in Big Tech Drags Stocks Lower

Nasdaq United States Dow Jones Industrials Philadelphia Fed UnitedHealth Group US Federal Reserve Waller Apple Citigroup ECB

The S&P 500 Index ($SPX) (SPY) Thursday closed down -0.21%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.16%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.69%.  March E-mini S&P futures (ESH25) are down -0.38%, and March E-mini Nasdaq futures (NQH25) are down -0.93%. 

Stocks on Thursday posted moderate losses.  The weakness in megacap technology stocks Thursday weighed on the broader market.  Also, health insurance stocks retreated and was negative for the overall market after UnitedHealth Group sank more than -6% after reporting weaker-than-expected Q4 revenue. 

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