From Investing.com: 2024-06-21 16:40:48

The Dow and Nasdaq closed slightly lower on Friday, with Nvidia shares dragging down the technology sector. Nvidia call options have surged, with seven million contracts traded, driving volatility. Major tech shares like Microsoft and Alibaba rose, while Apple slipped. U.S. business activity hit a 26-month high in June, with home sales and PMI figures beating expectations. Money markets are predicting at least two rate cuts this year. Nvidia, Qualcomm, and Micron Technology fell, raising concerns about sustainability. Boeing may buy back Spirit AeroSystems, boosting the latter’s shares. Sarepta Therapeutics surged after FDA expanded gene therapy use.



Read more at Investing.com: S&P, Nasdaq end lower as Nvidia drags the tech sector for second day By Reuters