The S&P 500 Index closed down 39.59 points, a decrease of 0.71%, finishing at 5505.00 points. Since reaching an all-time closing high of 5667.20 points on July 16, it has experienced three consecutive days of pullback, totaling a drop of 1.97% for the week. The Dow Jones Industrial Average fell by 377.49 points, or 0.93%, closing at 40287.53 points. It has pulled back from historical closing highs for two straight days, with a cumulative decline exceeding 910 points, representing a drop of over 2.20%, while gaining 0.72% this week. The NASDAQ Composite Index decreased by 144.28 points, or 0.81%, ending at 17726.94 points, reflecting a 4.94% retreat since its all-time closing high on July 10, with an overall weekly decline of 3.65%. The NASDAQ 100 Index fell by 182.47 points, or 0.93%, to close at 19522.62 points, accumulating a decrease of 3.98% for the week. The NASDAQ Technology Weighted Index dropped 1.25%, closing at 1676.8215 points, and registering a weekly decline of 5.83%. The NASDAQ Biotechnology Index dipped by 0.10%, closing at 4776.27 points, with a cumulative weekly decrease of 0.69%. The Russell 2000 Index closed down 0.63% at 2184.35 points but experienced an overall weekly gain of 1.68%. The Philadelphia Semiconductor Index fell by 3.11%, closing at 5267.16 points, reflecting a weekly decrease of 8.80%. The KBW Bank Index on the Philadelphia Stock Exchange fell by 0.15%, finishing at 112.36 points and showing a weekly gain of 3.29%. The Dow Jones KBW Regional Banking Index rose by 0.26%, closing at 112.83 points, with a cumulative weekly increase of 8.02%. The CBOE Volatility Index (VIX) increased by 3.70%, closing at 16.52, and has seen a significant weekly rise of 32.58%.
Comments