A 0.5% drop in the S&P 500 reflects broader weakness in technology shares, reversing gains from the previous session.
U.S. stocks closed lower on Thursday, led by a decline in technology shares that pressured major indices. The S&P 500 fell 0.5%, while the Nasdaq Composite also retreated as global tech stocks weighed on sentiment.
The pullback followed a session of gains, with investors reacting to broader market trends. Technology stocks, a key driver of recent rallies, underperformed amid shifting risk appetite. No specific catalyst was cited for the decline.
After-hours movers included Netflix (NFLX), Intuitive Surgical (ISRG), and Alcoa (AA), though market reactions to these stocks were not detailed in the session.