The S&P 500 closed 0.2% lower on Thursday after briefly peaking at a new high of 5,500. Similarly, the Nasdaq retreated by 0.8% from earlier record levels, reflecting a pullback in the performance of tech megacaps. Chip giant Nvidia, pared earlier gains and sank by 3.5% to close below Microsoft giving up its position as the world’s largest company by market cap.
Same to u, happy midsummer