Major US stock indices close lower on the day led by the NASDAQ index

The major U.S. stock indices ended the day with significant declines, with broader indices bearing the brunt of the selloff, led by the NASDAQ.

Nvidia shares dropped 6.22%, retreating sharply after hitting a record intraday high shortly after the open. Other notable losses included:

• MicroStrategy: Down 9.94%
• Palantir: Down 7.81%
• Shopify: Down 6.50%
• Super Micro Computer: Down 5.68%

These declines highlight a challenging session for tech and growth-focused stocks.

A snapshot of the closing levels shows:

• Dow Jones Industrial Average: Down 178.20 points (-0.42%) at 42,528.36
• S&P 500 Index: Down 66.35 points (-1.11%) at 5,909.03
• NASDAQ Composite: Down 375.30 points (-1.89%) at 19,489.68
• Russell 2000 (Small-Cap Index): Down 16.84 points (-0.74%) at 249.80

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