US indexes closed lower on Thursday, mainly due to a drop in shares of tech giants like Apple. The Nasdaq fell nearly 1%, while the Dow Jones and S&P 500 lost less than 0.5%.
Apple shares dropped more than 3%, marking their worst daily decline since August. Tesla and Nvidia also showed negative dynamics, losing 3% and 2%, respectively, while Alphabet fell by more than 1%. These losses ended a three-day winning streak for the S&P 500, which had been supported by positive inflation data and strong earnings reports from major banks.
The yield on 10-year Treasury bonds fell by three basis points to 4.615%. This followed comments from Federal Reserve Governor Christopher Waller, who indicated that rate cuts might be possible in the first half of the year if inflation continues to ease.
Meanwhile, retail sales in December rose by 0.4%, slightly below the forecasted growth of 0.5%.
On commodities and cryptocurrency markets, WTI crude oil fell by 1.7% to $78.63 per barrel, while Brent declined by 0.8% to $81.31 per barrel. Gold rose by 1% to $2,746 per ounce. Bitcoin remained virtually unchanged at $100,193.