How are the most important indices developing?

The Dow is down 100 points, or 0.3%, as blue-chip stocks face selling pressure. Investors appear to be cautious about the economic growth prospects and have little interest in defensive sectors.

In contrast, the S&P 500 is up 0.3%, finding support from technology and communications services stocks. The Nasdaq Composite leads with a gain of 0.6%, led by Tesla, Meta and Nvidia. Nvidia is up 1.6% while Meta is up 1.4%. Apple continues its climb toward a $4 trillion market valuation.

Which sectors are driving the market?

The technology is leading
The technology sector is the best performing sector with an increase of 0.82%. Broadcom stands out, up 4%, continuing its rally. Qualcomm also rose 1.7% after settling a lawsuit over processor licensing.

Communication services are on the rise
The communications services sector is also performing well, up 1.06%, driven by strong performance from major technology companies.

Consumer staples and energy are weighing on the markets
On the other hand, consumer staples fell 1.28%, with Walmart down 3.3% amid legal allegations related to delivery fees. The energy sector fell 0.15% while materials prices fell 0.65%, adding to the weakness of the defensive sector.

The healthcare system remains stable
Healthcare recorded small increases of 0.11%. Eli Lilly rose 1.7% after the FDA approved its sleep apnea weight-loss drug. However, rivals ResMed and Inspire Medical are each down about 4%.