US equity markets opened with volatility on Thursday, as the Nasdaq Composite reversed an initial upward move to trade in negative territory.
The tech-heavy index struggled to maintain early gains, signaling persistent selling pressure among growth stocks despite a brief morning rally.
37% to 7,472.79, as investors digested mixed economic signals and ongoing sector rotation.
The broader market sentiment remains fragile following Wednesday’s close, when the Nasdaq fell 1.32% to 26,166.60 amid concerns over technology sector valuations.
The S&P 500 also retreated, dropping 0.37% to 7,472.79, as investors digested mixed economic signals and ongoing sector rotation.
Amid the broader weakness, memory chip manufacturer Micron Technology emerged as a standout performer, with shares surging double digits.
The rally follows the company’s quarterly earnings report released on Wednesday, which reportedly exceeded market expectations and provided a rare bright spot in a risk-off session.