Nasdaq Drops 1.3% as Chip Stocks Weigh; Dow Holds
A split session left large-cap tech lower while small-caps and the Dow advanced, Brent crude slid 2.5% after a U.S.-Iran oil license, and AbbVie agreed to a $10.9 billion deal for Apogee Therapeutics.
What Happened in Markets Today
U.S. equities closed in opposite directions Monday, with the Nasdaq bearing the day's steepest losses while the Dow and small-caps finished in the green. The Nasdaq Composite fell 1.29% to 26,174.71, giving up 343 points on the session. The S&P 500 slipped 0.33% to 7,475.46. The Dow Jones Industrial Average bucked the trend, adding 0.29% to close at 51,712.71, while the Russell 2000 outperformed with a gain of 0.83% to 3,004.40. The CBOE Volatility Index rose 3.2% to 17.32, its highest close in recent sessions, underscoring the unease concentrated in large-cap growth names.
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Markets at a Glance
| Instrument | Last | Chg | Chg% |
|---|---|---|---|
| Equity Indexes | |||
| Dow Jones Industrial Average | 51,712.71 | +148.01 | +0.29% |
| S&P 500 | 7,475.46 | -25.12 | -0.33% |
| Nasdaq Composite | 26,174.71 | -343.22 | -1.29% |
| Russell 2000 | 3,004.40 | +24.64 | +0.83% |
| CBOE Volatility Index (VIX) | 17.32 | +0.54 | +3.22% |
| Commodities | |||
| Brent Crude Oil | 77.85 | -2.00 | -2.50% |
| Gold | 4,210.70 | -35.20 | -0.83% |
| Crypto | |||
| Bitcoin | 64,460.99 | +356.05 | +0.56% |
| Ethereum | 1,734.90 | +2.31 | +0.13% |