Nasdaq falls 0.29% to 24,355 points: Baker Hughes soars, Tesla and Micron dive

Baker Hughes and semiconductor equipment makers stand out

Baker Hughes emerged as the standout performer of the session, with a jump of 5.62% to $60.71, driven by renewed interest in oil services. Semiconductor equipment manufacturers also shined: Lam Research rose by 4.13% to $233.99, while Applied Materials gained 2.21% to reach $357.21. KLA Corporation added 1.97% to reach $1,511.52. Chip manufacturers followed suit: Advanced Micro Devices advanced 2.91% to $205.27, Intel increased by 2.55% to $46.18, Marvell Technology rose 2.18% to $89.53, and GlobalFoundries was up 2.10% to $43.36. Starbucks surprised with a gain of 3.42% to $95.83, while Cognizant increased by 2.09% to $61.55.

Micron, Tesla, and Netflix penalized by investors

Conversely, Micron Technology experienced the largest drop of the day, declining by 3.78% to $444.27, in contrast to the strong performance of other equipment suppliers in the sector. Growth stocks were under pressure: Tesla fell by 3.18% to $380.30, Netflix dropped 3.13% to $91.74, and DoorDash decreased by 3.47% to $159.26. The Chinese group PDD Holdings lost 3.27% to $97.43. Declines also affected other sectors: CSX Corporation gave up 2.90% to $38.49, Exelon fell by 2.52% to $48.01, and Booking Holdings dropped 1.99% to $4,294.29. Completing this negative picture, Microchip Technology and Cintas saw respective decreases of 2.19% to $63.29 and 1.95% to $181.83.

A Consolidation Session Before the End of the Quarter

This lackluster trading session illustrates investors' hesitation as the end of the quarter approaches. The Nasdaq closed at 24,355.28 points, with unsurprising trading volumes. The sectoral dispersion reflects a selective market, where rotations prevail over a clear trend.