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Barchart
Barchart
Rich Asplund

EXPLAINED: Stocks settle lower as megacap tech stocks retreat | Rare Historical Photos

Nasdaq SP Dow Jones Industrials SEC United States UnitedHealth Group

The S&P 500 Index ($SPX) (SPY) Friday closed down -1.11%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.77% and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.36%.  March E-mini S&P futures (ESH25) are down -1.08%, and March E-mini Nasdaq futures (NQH25) are down -1.30%. 

Stocks on Friday settled moderately lower, weighed down by a selloff in the Magnificent Seven technology stocks.  Also, higher T-note yields on Friday undercut equity prices. Low volumes and thin trading conditions due to holiday trading this week and next are leading to exaggerated moves in stocks.

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