In This Epic
The Dow dropped 650 aspects on Monday morning as lighter trading volumes had been anticipated in the leisure days of 2024. The market experienced a wave of profit-taking, particularly in the technology sector.
How AI is redefining careers, based totally on Deloitte CTO Bill Briggs
By mid-morning, the Dow Jones Industrial Average had dropped 657 aspects, or 1.4%. In the period in-between, the S&P 500 and the tech-heavy Nasdaq (NDAQ-1.52%) Composite fell 1.4% every, reflecting substantial-based totally weak point valid by key indices.
Please imprint that the Unique York Inventory Substitute and Nasdaq will droop trading on Thursday, January 9, in observance of a Nationwide Day of Mourning following the passing of former President Jimmy Carter. The 39th president of the US, Carter, passed away on Sunday, abandoning a legacy of public provider and humanitarian efforts. Additionally, the bond market will operate on a modified schedule, closing early at 2: 00 p.m. ET.
Tech shares are in the crimson
Technology shares had been firmly in the crimson, continuing the downward pattern from Friday. Amazon (AMZN-1.82%) slid 2.2%, Apple (AAPL-1.52%) misplaced 1.7%, Tesla (TSLA-2.73%) dropped 2.8%, Microsoft (MSFT-1.43%) fell 1.6%, Alphabet (GOOGL-0.92%), the parent company of Google, declined 1.2%, and Meta Platforms (META-1.67%) shed 1.8%.
SMCI, Micron, and other AI shares continue to reveal no
AI shares much like Gargantuan Micro Computer (SMCI-2.20%), Palantir (PLTR-1.73%), Nvidia (NVDA+0.86%), and Micron Technology (MU-2.91%) fell sharply, shedding by 3.6%, 2.5%, 0.2%, and 3.5%, respectively.
