Not Much Is Working for Wall Street—Aside From Oil and Big Tech
Market Overview - Wall Street is experiencing a sell-off across most sectors as investors anticipate a quarter-point interest-rate cut [1][2] - The Dow Jones Industrial Average decreased by 112 points, or 0.4%, while the S&P 500 fell by 0.1% [2] Sector Performance - The Nasdaq Composite showed volatility, fluctuating between positive and negative territory, primarily supported by major tech companies such as Tesla, Amazon, Apple, and Meta Platforms [2] - Energy and consumer discretionary sectors were among the few gaining in the S&P 500, with WTI crude oil futures rising by 1.4% [2] - Utilities and real estate sectors were identified as the biggest laggards in the market [2]