Skip to content

U.S. Stocks Fall Amid Rotation Out of Big Tech: Markets Wrap

  • Nasdaq 100 snaps rally; S&P 500 closed at record on Monday
  • Covid with omicron not same disease, Oxford scientist says
Updated on

U.S. stocks fell for the first time in five days amid a rotation out of megacap tech shares.

The S&P 500 slipped 0.1%, pulling back from the benchmark’s 69th record close reached on Monday. The Nasdaq 100 retreated on turnarounds in four-day rallies for the likes of Nvidia Corp., Apple Inc. and Alphabet Inc. Still, the Dow Jones Industrial Average stayed in the green thanks to reopening beneficiaries such as Walt Disney Co. and Boeing Co.