Nasdaq Stumbles as Fed Jitters Mount, Intel Soars, Tariffs Rattle Tech Markets
Key Facts: Nasdaq and Indexes Retreat from Highs Wall Street’s momentum faltered in the latter half of this week, with the Nasdaq Composite and Nasdaq-100 both posting their third straight daily loss on Thursday. The Nasdaq Composite closed at 22,384.70 (down 0.5%), and the S&P 500 and Dow Jones also fell around 0.5% and 0.4%, respectively reuters.com. These declines marked a sharp reversal from Monday, when all three indices notched record-high closes investopedia.com after a months-long tech-driven rally. Traders say the pullback partly reflects investors locking in profits on big tech names that had run up dramatically through the summer.