S&P 500 Closes Down 0.3% as Tech Sells Off and the Dow Gains
As seen on the 24/7 Wall St. homepage on August 24, 2026.
- S&P 500-0.29%
- Dow Jones Industrial Average+0.30%
- Nasdaq Composite-0.68%
Money rotated out of tech today: the Nasdaq gave up 0.68% while the Dow finished higher, leaving the S&P 500 slightly in the red. If you only own megacap tech, this was not a quiet session.
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Money moved away from technology and toward the industrial-leaning stocks of the Dow Jones Industrial Average, which finished up 0.3%. The S&P 500, weighted heavily toward megacap tech, could not escape the drag.
The Nasdaq Composite bore the brunt of the rotation, sliding 0.68%. That is a meaningful gap relative to the Dow's gain on the same day, and it signals that investors were making deliberate sector choices rather than selling or buying the market as a whole.
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For anyone whose portfolio leans on the largest technology names, the session was an active repricing, with the S&P under pressure into the close.
The divergence between the Dow and the Nasdaq is the number to keep in front of you. When those two indexes move in opposite directions by a combined spread of nearly a full percentage point, it reflects an active reallocation rather than a broad macro sell-off. That distinction shapes the next session.