The three major U.S. stock indexes closed down collectively, with pharmaceutical stocks leading the decline
2025-05-07 04:12:21

The three major U.S. stock indexes closed down collectively, with the Dow Jones Industrial Average down 0.95%, the Nasdaq down 0.87%, and the S&P 500 down 0.77%. Most large technology stocks fell, with Meta down more than 2%, Tesla and Intel down more than 1%, Apple, Microsoft, Google, and Amazon down slightly; Netflix rose slightly. Pharmaceutical stocks fell the most, with Sarepta Therapeutics Inc (SRPT) down more than 26% and Eli Lilly down more than 5%. Palantir fell more than 12%, the worst single-day performance in a year. Nuclear power concept stock Constellation Energy Corp. (CEG) rose more than 10%, the largest single-day gain since February 21.
Email Subscription
Newsletters and emails are now available! Delivered on time, every weekday, to keep you up to date with North American business news.
ASIA TECH WIRE

Grasp technology trends

Download