Nasdaq Drops 1.16% as Tech Slide Weighs on Wall Street
2026-07-08 05:00

Woofun AI reports that U.S. equity markets closed in negative territory on Tuesday, driven by a sharp pullback in the technology-heavy Nasdaq Composite, which fell 1.16%. The S&P 500 declined 0.45%, supported by strength in utilities and healthcare, while the Dow Jones Industrial Average slipped 0.25% despite gains in industrial and financial names. Investors weighed mixed corporate earnings against ongoing uncertainty regarding Federal Reserve interest rate policy, with late-day selling pressure intensifying across all major indices.

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