US EditionNasdaq, S&P 500 end lower as investors sell tech, buy less pricey sectors
The Federal Reserve kept interest rates at 4.25% to 4.50% despite two dissenting votes, while investors shifted from tech to energy and healthcare sectors amid profit concerns.
- The Nasdaq and S&P 500 declined on August 20, 2025, as investors sold technology stocks in favor of sectors with lower valuations ahead of the Fed's Jackson Hole symposium.
- This shift followed concerns about stretched tech valuations, awaited Fed Chair Powell's speech, and doubts about AI companies' profitability noted by OpenAI CEO Sam Altman and an MIT study.
- Key technology firms such as Nvidia, AMD, Intel, and Micron saw share declines, while sectors like energy, healthcare, and consumer staples gained, reflecting a market rotation rather than a broad sell-off.
- The Nasdaq Composite dropped 0.7%, the S&P 500 fell 0.2%, ASX 200 futures rose 0.3% to 8,902, and spot gold increased 1% to $US3,348.17, showing mixed market responses on the day.
- Investors anticipate Powell’s Jackson Hole remarks for policy direction, while market analysts highlight overlooked attractive valuations and expect gradual adjustments in interest rates following the Fed’s July decision.
10 Articles
10 Articles
Tech Stock Tug: Market Shifts as Investors Brace for Fed Insights
Tech Stock Tug: Market Shifts as Investors Brace for Fed Insights The Nasdaq and S&P 500 experienced a dip on Wednesday as investors turned their focus away from technology stocks, favoring sectors with perceived lower valuations. This shift comes ahead of the Federal Reserve's annual Jackson Hole symposium, where market-watchers anticipate crucial insights into future monetary policy.Technology stocks, instrumental in recovering from April's ma…
Nasdaq, S&P 500 end lower as investors sell tech, buy less pricey sectors
The Nasdaq and S&P 500 fell on Wednesday as investors sold tech stocks and moved into less highly valued sectors, as they also awaited remarks from Federal Reserve officials at their Jackson Hole symposium this week.
Wall Street concluded mostly lower as investors digested retail earnings and Fed minutes
Wall Street’s major averages ended Wednesday mostly lower, paring back some of the session’s earlier steep declines as investors weighed the Federal Reserve’s latest meeting minutes.
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
