Stock Market Update
07-Oct-25 12:25 ET
Technology sector retreats despite several standout performances
Dow -218.85
at 46475.91,
Nasdaq -181.98
at 22759.70,
S&P -35.89
at 6704.38
[BRIEFING.COM] The major averages have at least momentarily stabilized from a late morning retreat that sent them beneath their flatlines.
While losses in the information technology sector (-0.9%) prompted the retreat, the sector is still home to some of the best-performing names in the S&P 500 today.
AppLovin (APP 626.83, +39.83, +6.79%) takes back about half of yesterday's loss that followed a Bloomberg report that the SEC is investigating its data-collection practices.
Advanced Micro Devices (AMD 212.13, +8.42, +4.13%) expands upon yesterday's gain after announcing a partnership with OpenAI.
Elsewhere, IBM (IBM 293.72, +4.30, +1.49%) traded to a new all-time high today following a partnership announcement with Anthropic.
