Tech Volatility Weighs on S&P 500, Nasdaq -- Market Talk

Dow Jones04:06

1605 ET - Volatility in the technology sector continues to dominate trading as yesterday's brief rebound stalls. Investors are seen taking profits from big gains in chip companies as they prep for blockbuster IPOs from SpaceX later this week and other artificial intelligence related companies later in the year. Tensions in the Mideast remain elevated as President Trump says the U.S. must respond after Iran shot down a U.S. Apache helicopter near the Strait of Hormuz, while earlier there was optimism that a peace deal was in reach. Existing home sales for May handily top expectations, while tomorrow's CPI report will be closely watched for the fallout from higher oil prices. DJIA rises 86 points, or 0.2%, to 50872, while the S&P 500 slips 0.3% to 7386 and the Nasdaq drops 1% to 25678. (patrick.sullivan@wsj.com)

(END) Dow Jones Newswires

June 09, 2026 16:06 ET (20:06 GMT)

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