- Title: S&P 500, Nasdaq close lower as traders cash in on latest megacap rally
- Date: 7th June 2023
- Summary: NEW YORK, NEW YORK, UNITED STATES (JUNE 7, 2023) (REUTERS) (SOUNDBITE) (English) SUMMIT PLACE FINANCIAL ADVISORS, PRESIDENT AND FOUNDER, LIZ MILLER, SAYING: "I really think what we're seeing in the Nasdaq is just some profit taking, because so far, particularly last month, we had like this totally opposite kind of story. Right? I mean, the S&P(500) came in a little bit
- Embargoed: 21st June 2023 21:01
- Keywords: Dow Nasdaq S&P 500
- Location: NEW YORK, NEW YORK, UNITED STATES
- City: NEW YORK, NEW YORK, UNITED STATES
- Country: US
- Topics: Economic Events,North America,Equities Markets
- Reuters ID: LVA002827307062023RP1
- Aspect Ratio: 16:9
- Story Text: PART AUDIO QUALITY AS INCOMING
The S&P 500 and Nasdaq closed in negative territory on Wednesday (June 7) as investors took profits after a months-long megacap stocks run and ahead of key economic and policy events next week.
The small-cap index Russell 2000 ticked higher as investors kept moving away from megacap and growth stocks after their strong gains.
The S&P 500 lost 16.33 points, or 0.38%, to end at 4,267.52 points, while the Nasdaq Composite lost 171.52 points, or 1.29%, to 13,104.90.
The Dow Jones Industrial Average rose 91.74 points, or 0.27%, to 33,665.02.
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