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All three major US stock indices fell collectively. The Nasdaq Composite Index fell 3.65% this week, ending its three-week streak of gains.

AInvestFriday, Jul 19, 2024 4:50 pm ET
1min read

The major US stock indices fell collectively. The Dow Jones Industrial Average fell 0.93%, with a cumulative gain of 0.72% this week, and the weekly line three in a row; the Nasdaq fell 0.81%, with a cumulative loss of 3.65% this week, ending the weekly line three in a row; the S&P 500 index fell 0.71%, with a cumulative loss of 1.97% this week, ending the weekly line two in a row. Most large-cap tech stocks fell, with Intel falling more than 5%, Tesla falling more than 4%, with a cumulative loss of 3.64% this week, Nvidia falling more than 2%, with a cumulative loss of 8.75% this week, TSMC ADR falling 3.55%, AMD falling 2.69%, and Nvidia falling more than 1%, with a cumulative loss of 4.43% this week, Berkshire Hathaway B-class shares fell 1.66%, and Lilly with a gain of 1.01%. Hawaii Electric rose more than 37%, with a plan to pay more than $4 billion to settle the lawsuit over the Maui wildfires, with the compensation less than expected. The solar stock of the US photovoltaic manufacturer Sunpower fell more than 55%, with a single-week loss of nearly 75%, the worst single-week performance since its US IPO. The US security giant CrowdStrike fell more than 11% due to a global technical failure, with the worst single-day performance since 2022, with a cumulative loss of about 18% this week.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.