World stocks edge lower as tech selloff drags markets

NEW YORK, June 26 (Reuters) - Global equity markets edged lower on Friday, set for a weekly decline as investors kept taking profits on high-flying technology and chip stocks, while ‌crude oil prices slumped as more tankers left the Strait of Hormuz.

On Wall Street, all three indexes ‌finished slightly lower in choppy trading as losses in industrials, technology and energy offset gains in healthcare and real estate stocks.

The S&P ​500 and the Nasdaq notched weekly losses while the Dow was headed for a weekly gain.

Chip stocks lost 5.3%, set for a weekly loss of 7.7%, the largest weekly decline since March 2025.

The Dow Jones Industrial Average fell 0.09%, the S&P 500 lost 0.05% and the Nasdaq Composite fell 0.24%.

"It's a combination of a needed and healthy period of ‌consolidation following the historic run since ⁠March and a dramatic rotation from tech and everything else," said Mark Hackett, chief market strategist at Nationwide.

"Overall, the selloff is modest when put in context, and I expect ⁠we resume higher once this period of consolidation concludes since investors still have a buy-the-dip mentality and fundamentals remain solid."

Price hikes announced by Apple had

Fuente original: Yahoo Finance (https://finance.yahoo.com/news/asian-shares-fall-apples-price-022516064.html)