S&P 500 Falls 0.3%, Nasdaq 100 Slides 1.1% on June 9; Tech Sector Drops 2.3%

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The S&P 500 closed down 0.3% on June 9, displaying a V-shaped trading pattern, while the Nasdaq 100 fell 1.1%. The technology sector led declines with a 2.3% drop, followed by energy at -1.7%; materials and real estate rose 1.5% and 2.1% respectively. Among Nasdaq components, Lumentum and Marvell Technology posted the steepest losses at 9%, while Applovin, Strategy, Arm Holdings, Qualcomm, and AMD each fell at least 4.1%. On the Dow, Salesforce declined 3.9%, leading alongside Cisco, Microsoft, Chevron, and Goldman Sachs with drops exceeding 1.2%.
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