Nike fell nearly 20%, leading the decline along with technology stocks First Solar and Super Micro Computer in all S&P 500 index components

After the release of the US PCE inflation data on Friday (June 28th), the S&P 500 index opened slightly higher, rising to a daily high of 5523.64 points at 22:15, then fluctuated downward and turned into a decline. At 03:34 (less than 30 minutes before the US stock market closed), it fell to a daily low of 5451.12 points, eventually closing near the daily low. Most of the 11 sectors of the S&P 500 index closed lower, with the telecommunications sector down 1.63%, the consumer discretionary sector down 1.36%, the information technology/tech sector down 0.43%, the financial sector up 0.38%, the energy sector up 0.42%, and the real estate sector up 0.62%