IT Giants Weigh Down New York Stock Exchange Amid Market Fluctuations

» Published: June 11 2025

IT Giants Weigh Down New York Stock Exchange Amid Market Fluctuations
Photo: Mark Lennihan/AP-TT

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The courses rose on Wall Street after Wednesday's message that inflation in the US does not seem to increase as much as feared considering President Donald Trump's customs policy. But the increases were eaten up in the final trade by losses in some of the IT giants' shares.

At the close, the broad S&P 500 index had fallen by 0.3 percent and Nasdaq's technology-heavy composite index by 0.8 percent. The Dow Jones industrial index closed unchanged.

Among the losers were the index-heavy Apple and Nvidia. The iPhone manufacturer fell back by 1.9 percent and the chip giant by 0.8 percent.

On the other hand, the coffee chain Starbucks pulled upwards. The share rose by 4.3 percent after the CEO Brian Niccol in an interview said that there are speculators on the company's operations in China.

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By TTTranslated and adapted by Sweden Herald
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