Today, the US stock market delivered another somewhat lackluster report card. All three major indexes closed lower—S&P 500 fell by 23.89 points (-0.35%) to close at 6846.52; the Dow Jones dropped 215.67 points (-0.45%) to 47739.32; the Nasdaq showed relative resilience, declining only 32.224 points (-0.14%) to hold at 23545.904. The fear index-related VIXY, however, bucked the trend and rose 1.04% to close at 30.1.

Tech stocks showed mixed performance. Tesla led the declines, down 3.39%. Google A dropped 2.29%, while Amazon, Meta, and Apple also lost ground, with losses ranging from 0.98% to 1.16%. However, Microsoft and Nvidia provided some confidence to the market, rising 1.63% and 1.72% respectively. In streaming, Netflix fell 3.44%, and Adobe was down 2.06%.

Notably, Broadcom surged nearly 3% today, hitting a new all-time high. As for Chinese concept stocks, the Nasdaq Golden Dragon China Index inched up 0.08% to close at 7837.75 points, with Baidu performing well, up over 3%. Chip stocks were mixed; Qualcomm rose 0.29%, Oracle gained 1.36%, while Salesforce dipped 0.40%.