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Nasdaq falls amid tech sector pressures
The US NASDAQ index declined during Thursday's trading session due to losses in major technology stocks, prompting investors to shift towards traditional and industrial sectors to offset some of the declines. This downturn was driven by concerns over increased spending by cloud computing companies and expectations of interest rate hikes, with shares of Apple, Nvidia, Microsoft, and Alphabet falling between 1.2% and 2.7%. Conversely, stocks of companies like Micron and Qualcomm experienced significant gains. The Dow Jones Industrial Average closed at 52,275.98 points, supported by strong performance in the industrial sector and positive US inflation data.
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