Major US indices close lower but retraces losses

The major indices are closing lower but it could’ve been worse.

• Dow industrial average fell -450.94 points or -1.01% at 44176.65. However, at session lows, the index was down -677.43 points.
• S&P index fell -26.63 points or -0.43% at 6117.52. At session lows, the index was down -59.56 points.
• NASDAQ index fell -93.89 points or -0.47% at 19962.36. At session lows the index was down to 61.23 points
• Russell 2000-20.71 points or -0.91% at 2261.74. At session lows the index was down -32.34 points.

Shares of Meta fell for the third consecutive day, and is down 6.3% from it’s all time high..

Palantir fell $-5.79 or -5.17% to $106.27. Yesterday, shares tumbled -10.08% after trading to a new all-time high.

Software continued to fall with the IGV tech software ETF falling -1.83% after yesterday’s -1.75% decline.

Costco shares fell $-27.71 or -2.61% in sympathy with Walmart which saw its shares move down $-6.79 or -6.53% after giving less than expectations forwa. G guidance

This article was written by Greg Michalowski at www.forexlive.com.