US stock markets closed on a weak note. Tech stocks saw the biggest fall. Volatility moved higher. Broader sentiment looks slightly cautious.
Nasdaq falls 0.90 percent while S&P 500 slips 0.49 percent
Nasdaq is at 24663.80. It dropped 223.30 points. That is a fall of 0.90%. The index touched a high of 24724.70 and a low of 24524.23. Selling pressure was strong in tech stocks.
S&P 500 is at 7138.80. It declined 35.11 points. That is a drop of 0.49%. The index moved between 7152.52 and 7115.17 during the session.
Dow Jones is at 49141.93. It slipped 25.86 points. That is a small fall of 0.05%. The movement stayed narrow between 49381.33 and 49077.75.
Small cap index drops 1.15 percent as broader market weakens
Small Cap 2000 is at 2756.05. It fell 32.14 points. That is a drop of 1.15%. This shows pressure in smaller companies.
The index opened at 2776.48 and touched a high of 2790.60. The low was 2746.00. Weakness in this segment signals risk-off mood.
VIX rises 1.18 percent showing increase in market fear
VIX is at 18.04. It gained 0.21 points. That is a rise of 1.18%. The index moved between 18.18 and 17.81.
A rising VIX means traders expect more volatility ahead. It reflects caution in the market.
Overall, markets show mild decline. Tech stocks are under pressure. Broader indices also slipped. Rising volatility hints that investors are getting slightly nervous.