Stock Market Update
08-Apr-25 15:35 ET
Mega caps and chipmakers drive market lower
Dow -354.21
at 37611.39,
Nasdaq -357.56
at 15245.71,
S&P -83.46
at 4978.79
[BRIEFING.COM] Losses have accelerated into the close. The S&P 500 sports a 1.6% decline.
Chipmakers and mega caps had been leading market gains earlier, but show outsized declines now. Apple (AAPL 172.66, -8.74, -4.8%), which had been up as much as 4.9% at its session high, and NVIDIA (NVDA 96.10, -1.49, -1.6%), which had surged as much as 8.4%, are standouts in that respect.
The Vanguard Mega Cap Growth ETF (MGK) is 1.6% lower and the PHLX Semiconductor Index (SOX) trades 4.2% lower.
