S&P 500 falls 0.5% as tech stocks drag index lower Thursday

Technology shares declined to push the S&P 500 lower Thursday, marking the index's second consecutive session of losses after it recently set an all-time high. The S&P 500 dropped 36.41 points, or 0.5%, to close at 7,765.36.

The Nasdaq composite was hit harder, falling 345.35 points, or 1.3%, to end at 27,193.34. In contrast, the Dow Jones Industrial Average managed a slight gain of 51.77 points, or 0.1%, to finish at 51,231.64, having moved between positive and negative territory throughout the trading day. The Russell 2000 index of smaller companies rose 0.92 points, a gain of less than 0.1%, to reach 2,794.13.

Volatility extended to the bond market, where yields surged in the morning before retreating in the afternoon. Energy markets also saw movement as Brent crude prices exceeded $104 per barrel.

For the week ending Thursday, the S&P 500 is up 42.64 points, or 0.6%. The Dow is up 54.68 points, or 0.1%, and the Nasdaq is up 2.48 points, or less than 0.1%. The Russell 2000 is down 38.77 points, or 1.4%.

Year-to-date performance shows the S&P 500 up 919.86 points, or 13.4%. The Dow has gained 3,168.35 points, or 6.6%, while the Nasdaq is up 3,951.35 points, or 17%. The Russell 2000 is up 312.22 points, or 12.6%.