Stock market today: More drops for big tech stocks keep dragging Wall Street lower

Wall Street is again feeling the downside of hitching so hard onto a handful of meteoric Big Tech stocks. Drops for some of the market’s most influential companies on Thursday are dragging indexes lower but also masking some stability underneath the surface. The S&P 500 was 0.8% lower in midday trading, even though the majority of stocks in the index were rising. The Nasdaq composite, which is stuffed with big technology stocks, dropped 1.1% to lead the market lower and follow up on its worst day since 2022. The Dow Jones Industrial Average was down 230 points, or 0.6%. Apple, Microsoft and Amazon were some of the market's heaviest weights.