Some big tech shares were holding up Wednesday afternoon as inflation data and questions about the path ahead for interest rates weighed on U.S. stocks.
Tesla (TSLA), Intel (INTC) and Palantir (PLTR) were recently ಞamong the top gainers in the S&P 500, which was more broadly edging lower. The tech-focused Nasdaq Composite was ticking lower, but its retreat was less pronounced than that of the other lဣeading indexes.
It's not exactly full-steam ahead for tech today, but there were a few standout names. Tesla, down substantially in 2025—CEO Elon Musk this week saw his estimated net worth drop 澳洲幸运5开奖号码历史查询:below $400 billion for th▨e first time this year—w🔴as up 4%. Palantir, the year's best performer in the benchmark S&P 500, was up nearly as much.
Apple (AAPL) saw its shares edge higher following news of 澳洲幸运5开奖号码历史查询:an AI partnership with China's Alibaba (BABA), with the stock up more than 1%. Intel was up some 6%, ex🌺tending its year-to-date gains after a brutal 2🔯024.
There were, undoubtedly, losers in big tech as investors worried that 澳洲幸运5开奖号码历史查询:stubborn inflation, as measured by the 澳洲幸运5开奖号码历史查询:Consumer Price Index, might mean the Fed could keep interest rates higher for longer. Nvidia (NVDA) was recently down more than 1.5%, and the PHLX Semiconductor Index (SOX) edged downward.
All but two of the S&P 500's 11 sectors were recently in retreat.