Markets close lower on tech trade pessimism
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US equities (^DJI,^GSPC, ^IXIC) ended with a mixed close. The Dow Jones Industrial closed 0.51% higher but the tech-heavy Nasdaq ended 1.28% lower. The S&P 500 also closed 0.5% lower. These indexes were impacted by the rotation from Big Tech into smaller cap stocks after weaker-than-expected performances from tech giants like Alphabet (GOOG, GOOGL) in the second quarter.
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This post was written by Nicholas Jacobino