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Nasdaq and S&P 500 slip while Dow hits record close - Reuters

Nasdaq and S&P 500 slip while Dow hits record close - Reuters

Nasdaq and S&P 500 slip while Dow hits record close Reuters

June 16, 2026 at 11:23 PM Original source
4 agencies covered this story

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Notable Quotes

"You have the Fed tomorrow coming out. No one's really expecting much, but with the new Fed chair, people have overestimated the potential for a rate hike."

— Joe Saluzzi , Executive

"That's putting pressure on the Nasdaq and on the S&P because tech and communication services make up about 40% of the benchmark."

— Art Hogan , Executive

"Any misstep involving AI-related demand or capital budget expenditures from one of the four Magnificent 7 companies reporting Wednesday could easily give this market second thoughts about how far it has run in the past month."

— Dennis Follmer , Executive

"While the U.S. is more strongly positioned to withstand an extended closure of the Strait of Hormuz, the global economy would struggle, and that will eventually ripple back to take a bite out of earnings and stock prices in the U.S."

— Dennis Follmer , Executive

"He was unhappy with the latest Iranian proposal on resolving the conflict in the Middle East."

— Donald Trump , Politician

All Coverage

Nasdaq and S&P 500 slip while Dow hits record close - Reuters
Reutersvia rss

<a href="https://news.google.com/rss/articles/CBMisgFBVV95cUxONEpZcjB1UUpuN05zN283anhrUE9FaHJWOGRPTnF6VWdLcEkwT3U5OWhjM05VckRjMFpnS2dDR2dtdXNDc0pYdkhxdXpnbExoM2loNmRsN29qLXVEYUdpZEI2cEpISFJXZkJXeGNzV292S0tCUVhZd2lRX1hlNFdaOXp2dEJ2LUh1dm9reFE3VlFnZE5salNHUXlmS3A4WlkwNVZ5aHhZZ29ENnExMEVkQjVB?oc=5" target="_blank">Nasdaq and S&P 500 slip while Dow hits record close</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

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Reutersvia ai

The S&P 500 and Dow Jones Industrial Average achieved record closing highs, while the Nasdaq underperformed due to Oracle's financial update raising concerns about AI investments.

80%
Nasdaq underperforms S&P 500, Dow as AI growth worries hit tech stocks
Reutersvia ai 4 quotes 3 persons

The Nasdaq Composite fell as investors questioned the sustainability of the AI boom's impact on tech stocks, with OpenAI missing internal targets.

80%
Dow hits record high as oil slides; SpaceX soars
Reutersvia ai 1 quote 1 person

The Dow Jones Industrial Average reached a new record high as oil prices declined, while SpaceX's market value surpassed Amazon's, making it the fifth-most valuable U.S. firm.

80%