Nasdaq 100: Tech Shares Sink as Amazon, Apple Drop on Fed Uncertainty and Tariffs…

Just a few defensive names managed to remain within the inexperienced. Chevron gained 1.1%, benefiting from energy within the power sector, whereas Coca-Cola and Johnson & Johnson additionally eked out modest features.

Which Sectors Felt the Most Strain?

Ten of the 11 S&P 500 sectors traded decrease, led by shopper discretionary and communication providers, down 1.9% and 1.1%, respectively. Info expertise, supplies, and actual property additionally struggled. Power was the lone gainer, rising zero.three% as oil costs stabilized.

Regardless of Friday’s slide, six of the 11 sectors remained constructive for the week. Client staples led the advance, up 1.7%, adopted by power and expertise, each gaining over 1%. On the draw back, shopper discretionary shares had been the worst performers, down three% for the week, whereas communication providers dropped 2%.