November 20, 2024

Tech stocks weigh on the broader market, Target drags down the S&P 500

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U.S. stocks were falling on Wednesday morning, weighed down by the 1.2% slump of the Nasdaq Composite.

The S&P 500 was also falling nearly 0.9%, with the consumer discretionary and the information technology sectors each down around 1.4% as of 10:20 a.m. Eastern time, according to FactSet data.

Shares of Tesla and Amazon.com were falling 2.3% and 2%, respectively, while Super Micro Computer Inc.’s stock was off 7.2% and Qualcomm Inc. was dropping 6.2%, according to FactSet data.

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