Live Markets: Nasdaq down again with more tech selling, S&P 500, Dow turn green

United Rentals

Today 15:28

Adds post
Dow, S&P 500 barely green; Nasdaq slightly off
Industrials, tech lead S&P sector decliners; healthcare up the most
Europe's STOXX 600 off >0.8%
Gold, bitcoin up; dollar down; U.S. crude off ~3%
US 10-year Treasury yield dips to ~4.38%
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
     
NASDAQ DOWN AGAIN WITH MORE TECH SELLING, S&P 500, DOW TURN GREEN
The Nasdaq .IXIC is soft again on Friday as this week's selloff in technology shares continued, while the Dow .DJI and S&P 500 are nominally higher after reversing up early losses.
Technology .SPLRCT and the Philadelphia SE Semiconductor index .SOX are both down but off earlier lows.
Shares of Micron Technology MU.O are down nearly 2% after gaining more than 15% in the previous session.
Investors are worried about lofty valuations in the tech sector, continued massive spending on AI by tech companies and also about chances for interest rate hikes from the Federal Reserve this year.
Heavy trading volume is likely this session with changes to Russell indexes due to take effect after the market's close.
Here is the early market snapshot:
(Caroline Valetkevitch)
*****
     
EARLIER ON LIVE MARKETS: 
WALL ST POISED TO MAKE LIKE A LEMMING AND FOLLOW GLOBAL SHARES LOWER CLICK HERE
UBS WARNS OF 'AI CAPEX TAPER TANTRUM' AS MAG 7 STOCKS SLIDE CLICK HERE
CITI GOES OVERWEIGHT GILTS, BUT GOOD AND BAD FOR BURNHAM CLICK HERE
ASIA'S FUNDING THE AI BOOM AS WELL AS BUILDING THE HARDWARE CLICK HERE
UNWINDING DOLLAR DEBASEMENT BETS SEES GOLD LOSE ITS SHINE CLICK HERE
SOFT END TO THE WEEK CLICK HERE
EUROPE BEFORE THE BELL: SHAKY SENTIMENT CLICK HERE
CHIPFLATION CLICK HERE

Early snapshot https://fingfx.thomsonreuters.com/gfx/mkt/klvyogwrnvg/Pasted%20image%201782483555542.png