US stocks closed lower on Tuesday, failing to maintain their opening gains, Since the downfall of Big Tech has been overshadowed by the positive results for bankingWhich pushed the major indices away from their highest levels.
The Standard & Poor’s 500 Index fell 0.76% to 5,815.26 points, while the Dow Jones Industrial Average fell 0.75% to 42,740.42 points and the Nasdaq Technology Index lost 1.01% to 18,305.79 points. With the sub-index tracking semiconductor companies reaching its lowest level in September.
Concerns about the future of Europe’s most valuable technology and the potential increase in restrictions on chip sales in the United States This led to a decline in the “big technology” sector, which has boosted stocks in recent months.
Markets were impacted by ASML falling nearly 16%, after the Dutch tech giant cut its 2025 guidance. It sank 4.69% on news that US officials have discussed limiting sales of the company’s advanced chips and other American technology abroad.
“US stock markets are more inclined towards the leadership of large-cap companies, “Today saw capital gains withdrawn as earnings season accelerates.”said Dan Wantrupski of Janey Montgomery Scott.
Among the banks that presented their results this TuesdayBank of America rose 0.55% after numbers beat expectations, while Goldman Sachs fell 0.07% and Citigroup fell 5.11% despite strong results.
This post was originally published on here
