Nasdaq, S&P end lower as tech stocks fall

Nasdaq, S&P end lower as tech stocks fall

By Abigail Summerville, Twesha Dikshit and Joel Jose

Wed June 24, 2026  

Continuing concerns over AI companies running too hot caused tech once again to go into a bit of a slump, though the day started quite positive with both the S&P and Nasdaq well into the black, the latter up over 250 at noon before beginning its decline. And again, tech’s losses were industrial’s gains with the Dow up almost 600 by 11:30 before beginning its decline but still closing well in the black. Are these companies overvalued? Are they taking on too much debt to finance their AI plans?  

Micron came in with a good report after the bell so there may be a rally tomorrow. (But we’ve said this before and other factors quite often get in the way.)  There are also the continuing concerns about rate hikes with the markets still placing odds on two hikes this year rather than just one. Tomorrow is PCE which will give investors a better picture on inflation and possibly some insight into future Fed policy. Oil continues to come down as more tankers move through the Strait of Hormuz. Volume at 25.84 billion came in well above the 22.92 average.   

DJ: 51,666.84  -45.87         NAS: 25,587.04  -579.56        S&P: 7,365.46  -107.33           6/23

DJ: 51,848.90  +182.06      NAS: 25,476.64  -110.40         S&P: 7,358.22  -7.24             6/24

Wed 6-24-26 5:55 pm Nasdaq, S&P end lower as tech stocks fall | Reuters