Big Tech Is Under Pressure Today. But So Is the Dow

The pre-Nvidia-earnings pullback successful tech shares mightiness beryllium nan large communicative successful stocks today, but nan blue-chip Dow Jones Industrial Average is nether unit too.

The Dow was down astir 1% successful caller day trading. That's astir successful statement pinch nan S&P 500's pullback, though little melodramatic than that of nan tech-focused Nasdaq Composite.

Most Dow Components Declining

Pulling down nan Dow: declines in, astatine caller count, 26 of its 30 constituents. Six were disconnected much than 2%, led by Nike (NKE), Intel (INTC) and Salesforce (CRM). Johnson & Johnson (JNJ) led nan advancers, but it was up little than 0.5%.

And nan scale contains its stock of large tech stocks. Three of nan alleged Magnificent Seven stocks—Apple (AAPL), Microsoft (MSFT) and Amazon (AMZN)—are successful nan Dow. All 3 were precocious successful nan red.

Dow Coming Off Two Straight Record-High Closes

The Dow is still near highs, however. Yesterday it vanished astatine a grounds for nan second-straight session. It's up astir 9% this year, trailing nan different 2 starring indexes.