Stock market today: Dow rises, S&P 500, Nasdaq slide as tech stocks slip again amid rate-cut uncertainty

Join Alpha Chasers to get access to members only live streams youtube.com/channel/UC7QHSNOKZvbqpXWFv0SiYDQ/join

Stock Market Today: Nasdaq Falls Further; Investors Dig Into Retail Earnings. Target stock sinks; Fed minutes suggest divisions over inflation

A selloff in tech stocks extended into a second day Wednesday, with investors rushing to sell some of the same shares that have powered indexes higher this year.

The Nasdaq Composite ended the day down 0.7%, after falling 1.5% Tuesday. Recent highfliers including Palantir, Micron and Robinhood Markets were some of the more notable decliners.

Traders said there was no one catalyst for the selloff but pointed to a few possible culprits, including recent comments from OpenAI Chief Executive Sam Altman suggesting the artificial-intelligence boom has some bubble-like characteristics.

Some investors said the sector was due for at least a modest fall. The Nasdaq is up more than 9.6% for the year and has had 20 record closes in 2025.

“We’ve been worried about tech-stock prices,” said Brian Jacobsen, chief economist at Annex Wealth Management. “Market prices were reflecting very aggressive growth expectations, and whenever the price depends on growth expectations, that creates vulnerabilities.”

A busy week for retail earnings continued. Shares in Lowe’s advanced after the home-improvement retailer boosted its annual outlook. Target stock tumbled after it posted another quarter of flat or falling sales, and named its next CEO.

Meanwhile, President Trump opened a new front in his battle with the Federal Reserve, calling on governor Lisa Cook to resign after his housing-finance chief, Bill Pulte, accused the Biden appointee of mortgage fraud. Minutes from the Fed’s July meeting suggested that while officials broadly supported holding interest rates steady last month, they were divided over when they could be confident that higher import costs wouldn’t lead to a period of broader, rolling price hikes.

🔔 Like and Subscribe!

Timestamps:
0:00 Like & Subscribe
0:39 Stock Market Today
6:34 Technicals
16:07 Sentiment & Seasonality
18:45 Macro, Data & Earnings

Financial Disclaimer: The content presented in this video is intended for informational purposes only and should not be construed as financial advice or a recommendation to buy, sell, or hold any securities or investments. Investing in financial markets involves risks, and viewers are encouraged to conduct their own research or consult with a qualified financial advisor before making any investment decisions. The creators of this video are not responsible for any financial losses or decisions made based on the information presented