The Dow Jones Industrial Average (^DJI) closed 330 points, or 0.86%, lower, while the Nasdaq Composite (^IXIC) saw an even greater decline of 1.08%, amounting to a loss of 183 points. The S&P 500 (^GSPC) also declined by 0.60%. Dell Technologies (DELL) stock tumbled in Thursday's after-hours trading even though the computer company beat earnings expectations for its first quarter. After the market closed, shares of Zscaler (ZS) began taking off on the cloud security provider's fiscal third quarter results, while Ulta Beauty (ULTA) also continued to climb after its first quarter earnings beat expectations. For more expert insight and the latest market action, click here This post was written by Nicholas Jacobino
Dell reports better-than-expected first-quarter revenue but the stock falls sharply amid emerging margin pressures, while shares of Trump Media & Technology Group, the operator of Donald Trump’s social-media company Truth Social, fall after the former president is found guilty in a hush-money trial.
Tech stocks fell sharply in the stock market Friday, weighed down by an earnings sell-off for Dell. Gap and Nordstrom rallied on earnings.