U.S. equities retreated 0.5% Thursday as broad declines in global technology stocks weighed on major indexes.
The S&P 500 fell 0.5% on Thursday, reversing gains from the prior session as global technology shares faced widespread selling pressure. The Nasdaq Composite, heavily weighted toward tech, mirrored the decline, closing lower alongside broader market weakness.
The pullback followed a period of relative stability, with both indexes posting modest gains earlier in the week. Technology stocks, which have driven much of the market’s volatility in recent months, underperformed as investors reassessed valuations amid shifting macroeconomic expectations.
No immediate market reaction was detailed, though the downturn reflected broader sentiment in global equities.