The Dow Jones Industrial Average was on track for its first record close since December on Friday after Federal Reserve Chair Jerome Powell opened the door to a September rate cut, sparking a broad stock-market rally.

U.S. stock futures were trading mixed early Friday as markets eagerly awaited Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole

U.S. stocks finished mixed on Tuesday as a sell-off in tech stocks weighed on the broader market. The S&P 500 (SNPINDEX: ^GSPC) fell 37.78 points, or 0.6%, to 6,411.37, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) tumbled 314.82 points, or 1.5%, to 21,314.95.

A steep slide in shares of semiconductor companies was dragging on the Nasdaq Composite on Tuesday afternoon, putting the tech-heavy index on track for a rare underperformance versus the Dow Jones Industrial Average.

Stocks surged Friday as investors breathed a huge sigh of relief after Federal Reserve Chair Jerome Powell indicated that interest rates could be cut.

The Dow Jones, Nasdaq and S&P 500 indexes slip. Amazon and Meta fell on the stock market today. Solar stocks shined on positive news.

U.S. stocks were extending their losses in midday trading on Tuesday, with the Dow Jones Industrial Average retreating from an intraday record, while a selloff in semiconductor stocks was weighing on the S&P 500 and the Nasdaq Composite.

The tech-heavy Nasdaq Composite finished at 20,895.66, rising 10 points due to strong performance of technology bigwigs. This was a new record-high closing for the index.

Salesforce (NYSE: CRM) and Adobe (NASDAQ: ADBE) are down more than 20% year to date despite a 12% gain in the Nasdaq. Here's what's driving the sell-off in these artificial intelligence (AI) growth stocks, and if they could be worth buying now.

Follow all the latest U.S. market action for Tuesday here to see if stocks can shake of some summer torpor and reach fresh highs.

Wall Street fell to a fifth straight loss. The S&P 500 slipped 0.4% Thursday. The Dow Jones Industrial Average dropped 152 points, and the Nasdaq composite fell 0.3%. Walmart weighed on the market after delivering a weaker-than-expected profit report for the spring,