US stocks close moderately lower | Forexlive

The major stock indices are closing modestly lower. After closing at record levels on Friday, both the S&P and Dow industrial average are lower. No record closes today.

The snapshot ofthe closing levels shows:

Dow industrial average fell -62.25 points or -0.16% at 39069.29
S&P fell -19.25 points or -0.38% at 5069.54
Nasdaq fell -20.58 points or -0.13% at 15976.24

The small-cap Russell 2000 rose 12.38 points or 0.61% at 2028.96 despite higher yields today. The 2 year is up 3.2 basis points the 10 year is up 1.7 basis points.

Some changes in some of the major stocks:

Alphabet fell -4.47% on the fallout from the flop of the launch of their AI Gemini app.
Coinbase surged as Bitcoin surged. Shares are up 16.59%
Salesforce rose 2.61%
Nvidia rose 0.38%
Meta fell -0.49%
Microsoft fell -0.69%
Micron rose 4.07%
AMD fell -0.28%
Broadcom rose 0.95%
Arm Holding maintains its strength with a gain of 9.64%
Palo Alto Networks which fell sharply last week, rose for the 2nd consecutive day with a gain of 7.36%
XLE energy ETF rose 0.35% on the back of oil gains
XBI biotech ETF surged by 2.74%, its best day since January 29 and is the 3rd strongest day of the year.