Tech Sector Drives Fifth Consecutive Nasdaq Decline

Tech-heavy Nasdaq drops for fifth consecutive session, while Dow inches up

The US stock market saw mixed trading on Thursday, with the Dow Jones Industrial Average edging higher while the S&P 500 and Nasdaq ended the day in the red. Tech stocks continued to struggle, dragging down the Nasdaq for the fifth consecutive session. Shares of major tech companies such as Apple, Amazon, and Microsoft dipped, contributing to the broader decline in the tech-heavy index. Apple, in particular, had a tough week, facing downgrades from both Barclays and Piper Sandler. The company’s stock dropped 1.2% on Thursday, closing at $TKTKT per share.