Technology Today

American equities closed down today, with the major domestic indices all losing ground after a wild trading cycle.
After starting the day up sharply higher after strong Monday gains, those gains were erased as the day closed.
It was a day of confusing movement; the tech-heavy Nasdaq Composite, to pick an example, had a range on the day of more than 3%, despite closing off just a tenth of that figure.Divining the correct reason for movement in the stock market is a fool errand most days.
Today, however, it isn''t hard to point to at least part of the reason for the reversed gains: a possibly record-setting one-day domestic death toll from COVID-19.
Per collected data, deaths for the day as of the time of writing came to 1,690, with several high-infection states yet to report.Here are the day results:Dow Jones Industrial Average (DJIA)26.13, -0.12%S-P 5004.27, -0.116%Nasdaq Composite25.98, -0.33%Shares of SaaS and cloud companies dropped more sharply, with the Bessemer cloud index falling 1.88% on the day.
Oil also fell, with WTI crude dropping more than 7% as of the time of writing.Are you a bit sandblasted by all the volatility? Let update you on how the major indices have performed since their recent highs:DJIA change from 52 week highs23.4%S-P 500 change from 52 week highs21.63%Nasdaq Composite change from 52 week highs19.83%And for good measure, the Bessemer cloud index is off 24.09% from recent highs.
So everything is in bear market territory at the moment — even after Monday huge gains — except for the Nasdaq Composite, which remains merely in deep correction.
Not great news for anyone with a 401k balance, but the numberswere worse on Friday.How SaaS startups should plan for a turbulent Q2Today the market tried to go up again and failed.
Let see what tomorrow COVID-19 data shows us.
It just may drive the markets yet again.





Unlimited Portal Access + Monthly Magazine - 12 issues


Contribute US to Start Broadcasting - It's Voluntary!


ADVERTISE


Merchandise (Peace Series)

 


Apple fans rushing for ₤ 35 iPhone 16 Pro Max as Sky uses payday deal


'I visited Chinese city which is like sci-fi movie with robots and noiseless trains'


Top Tech: Amazon's best early Prime Day deals including Ring, Tefal and Nespresso


Brits now 'obsessed' with health tracking and say it's key to motivation


Virgin Media is distributing complimentary wise TVs in surprise seven-day sale


O2 confirms UK network switch off and the exact date your phone might quit working


Samsung and Google have a new Android competitor that's like Nothing you've seen before


'Spectacular' Samsung Galaxy S25 Ultra gets £10 a month price cut


Sky users given 48-hour cost alert and your costs could increase tomorrow


Never ever miss your favourite television series when on vacation with basic travel hack


Amazon may offer big reason to ditch your Fire TV Stick next week and try something new


Samsung and Google smartphone deals consist of free earbuds and smartwatches


Everyone using Google Chrome must restart their browser now - don't ignore new alert


iPhone users surprised after finding 'concealed' hack to organise home screen


Sky dishes out brand-new iPhone 16 at 'lowest ever' rate, not surprising that it's offering fast


Argos shoppers can get a free 40-inch Hisense TV by doing one thing


Immediate alert for everyone with a Gmail account - do not overlook 6 important brand-new rules


BBC iPlayer is rivalling Sky TV with a vital free upgrade - check your settings now