On the first day of the year, the Nasdaq Composite experienced a second consecutive decline, further extending its weakest performance in nearly three months.
The tech-focused index recorded a loss of 1.18%, concluding the day at 14,592.21, marking its fourth consecutive day in negative territory. Meanwhile, the S&P 500 edged down 0.80% to finish at 4,704.81. The Dow Jones Industrial Average also saw a decline of 284.85 points, or 0.76%, reaching 37,430.19.
Yesterday, the Nasdaq suffered its biggest decline since October due to prominent technology stocks and a significant 4% drop in Apple shares following Barclays’ downgrade of the iPhone manufacturer. On Wednesday, Apple’s stocks experienced another 0.8% decrease.
Source (CNBC)
