Why is the Nasdaq Down Today? NASDAQ Falls as Apple Drops Nearly 5% as Dow Surges 600 Points to Record High Across Wall Street
India, June 25 -- Wall Street ended its highly divided day with tech stocks faltering despite old-economy companies sending the DJIA higher to new record levels. The Nasdaq Composite declined by about 0.4% on account of a sharp fall in Apple's stock price, despite the Dow rallying about 598 points during early trading. This divide has caused investors to ask one straightforward question that Why is the Nasdaq falling when the overall market is moving higher?
NASDAQ Falls as Tech Pressure Builds
The Nasdaq retreated to 25,375, falling by roughly 98 points or 0.4%, as major technology stocks declined. The sell-off in big-cap stocks overwhelmed positive moves in certain semiconductor stocks, putting pressure on the index despite the strong...
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