Nasdaq, S&P 500 close lower, weighed by tech stocks, Dow ends up
Tue July 1, 2025 5:33 PM
For years now, there have been concerns that with a handful of tech companies that dominate the market, should they go south, could crash the market out. That was the sentiment today as both the Nasdaq and S&P pulled back substantially from their recent rallies. And as tech goes south so industrials go north as funds flow out of risky assets into safer havens and the Dow had another very big 3-digit day. Investors were playing a tug-of-war between the concentration in tech and optimism over expected stimulus from the new budget bill, but also weighing that against the enormous cost of the bill.
