Headline: US Stocks See Mixed Performance Amid Tech Sector Slide cover art

Headline: US Stocks See Mixed Performance Amid Tech Sector Slide

Headline: US Stocks See Mixed Performance Amid Tech Sector Slide

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 US stocks finished mixed on Wednesday as technology continued its recent slide. The S&P five hundred fell zero point sixty three percent to close at six thousand eight hundred seventy four points, according to Trading Economics. The Nasdaq composite declined zero point three percent while the Dow Jones Industrial Average gained two hundred eighty points, or zero point two three percent, as investors rotated out of technology stocks amid renewed concerns over artificial intelligence driven disruption.

Energy, consumer staples, and healthcare emerged as the strongest performing sectors today. Eli Lilly shares surged more than seven percent after reporting earnings and revenue above expectations and issuing upbeat twenty twenty six guidance. Amgen climbed four point five percent following stronger than expected earnings and revenue results. Qualcomm gained two point seven percent ahead of its earnings release after the closing bell.

On the downside, Advanced Micro Devices plunged more than twelve percent after its forecast disappointed. Nvidia fell zero point eight percent, Meta declined one point one percent, Broadcom dropped one point zero percent, Oracle fell three point seven percent, and Micron Technology lost three point two percent. Broadcom also saw a significant decline, falling six point thirty four percent according to Trading Economics data.

The ADP report revealed that the United States private sector added just twenty two thousand jobs last month, reinforcing signs of a cooling labor market. This economic weakness contrasted with mixed signals from services activity, as US Services purchasing managers index steadied while the S and P Global composite purchasing managers index edged higher in January.

The technology sector remains under pressure as a combination of fair value increases and stock declines led the sector to a sixteen percent discount from fair valuations according to Morningstar. However, small cap stocks remain especially attractive at a thirteen percent discount to fair value estimates.

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