S&P500 and Nasdaq Index: US Stocks Brace for Major Tech Catalysts to Shape the Week Ahead

The Dow Jones Industrial Average dropped nearly 822 points (nearly 1.7%) on Monday, thanks in part to the almost 13% decline in IBM shares. The S&P 500 fell by approximately 1%, falling below the zero mark for 2023 as the Nasdaq Composite Index dropped by 1.1%.The software industry was responsible for the largest losses on these indexes, with Microsoft and CrowdStrike reporting amongst the largest declines. Cybersecurity companies and banks experienced substantial reductions in their valuations due to conti ...