Stocks close lower on tech weakness

Key Points

• 1

  Nasdaq fell 1.54%; Russell 2000 dropped 2.44%.

• 2

  Energy rose alone; all other sectors fell.

• 3

  A stronger dollar added pressure across stocks.

• 4

  Caution grew, but markets were not in panic.

Sector Performance

• EnergyOil and gas companiesEnergy was the only gainer.
  +2.36%
• FinancialsBanks, insurance, and brokerage firmsFinancials dipped less than the market.
  -0.37%
• Consumer StaplesFood, household goods — everyday essentialsStaples slipped but held up better.
  -0.40%
• Communication ServicesTelecom, media, and internet companiesInternet and media shares slipped.
  -0.88%
• Health CareHospitals, pharma, and medical devicesHealth care fell but was steadier.
  -1.04%
• Real EstateReal estate investment trusts (REITs)Real estate fell on rate sensitivity.
  -1.55%
• IndustrialsAirlines, machinery, and defense companiesIndustrials fell with cyclical shares.
  -1.78%
• Consumer DiscretionaryCars, retail — things people want but don't needConsumer names fell on growth worries.↗Source
  -1.80%
• TechnologyGrowth companies like semiconductors & softwareTech fell as growth shares weakened.
  -1.80%
• UtilitiesElectric, water, and gas utility companiesUtilities also failed to hold up.
  -2.29%
• MaterialsSteel, chemicals, and raw materialsMaterials saw the steepest drop.
  -2.65%

Most sectors fell; energy was the exception.