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U.S. Stock Market Closes Lower on May 16; Dow Falls 1.07%, S&P 500 Down 1.24%, Tech Stocks Plunge

GateNews
StocksIndices

According to Jin10, on May 16, the U.S. stock market closed lower across the board. The Dow Jones Industrial Average fell 1.07%, the S&P 500 declined 1.24%, and the Nasdaq Composite dropped 1.54%. Technology stocks led the selloff, with Micron Technology (MU) plunging 6.62%, Intel (INTC) falling 6.18%, Nvidia (NVDA) down 4.42%, and Tesla (TSLA) declining 4.75%. Chinese stocks tracked by the Nasdaq Golden Dragon Index fell 2.8%, with Baidu (BIDU) down 5.56% and Alibaba (BABA) off more than 6%.

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