Stock market today: Most of Wall Street rises, but falls for some big tech stocks drag indexes lower

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South Korea Financial Markets

Currency traders work near the screen showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, May 30, 2024.

South Korea Financial Markets

Currency traders work under the screen showing the Korea Composite Stock Price Index (KOSPI), top center left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, May 30, 2024.

South Korea Financial Markets

A currency trader watches monitors near the screen showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, May 30, 2024.

Financial Markets New York

People pass the New York Stock Exchange on Wednesday, May 29, 2024, in New York. Wall Street was poised to open with losses as some major dealmaking and a handful of earnings reports fill the news void until Friday’s latest inflation report.

Financial Markets New York

FILE – People pass the New York Stock Exchange on May 28, 2024, in New York. Shares have opened higher in Europe on Thursday, May 30, 2024, after a retreat in Asia. U.S. futures sank and oil prices fell back.

Financial Markets Wall Street

Trader Gregory Rowe works on the floor of the New York Stock Exchange, Thursday, May 30, 2024. U.S. stocks are drifting Thursday following mixed profit reports from big companies and signals that the economy may be cooling.

Financial Markets Wall Street

Trader Leon Montana works on the floor of the New York Stock Exchange, Thursday, May 30, 2024. U.S. stocks are drifting Thursday following mixed profit reports from big companies and signals that the economy may be cooling.

Financial Markets Wall Street

Trader Michael Milano, center, works with colleagues on the floor of the New York Stock Exchange, Thursday, May 30, 2024. U.S. stocks are drifting Thursday following mixed profit reports from big companies and signals that the economy may be cooling.

Financial Markets Wall Street

Trader Willian Leverick, left, works on the floor of the New York Stock Exchange, Thursday, May 30, 2024. U.S. stocks are drifting Thursday following mixed profit reports from big companies and signals that the economy may be cooling.

Financial Markets Wall Street

Trader Thomas Ferrigno works on the floor of the New York Stock Exchange, Thursday, May 30, 2024. U.S. stocks are drifting Thursday following mixed profit reports from big companies and signals that the economy may be cooling.

Financial Markets Wall Street

Specialist Michael Pistillo, left, and trader Robert Charmak work on the floor of the New York Stock Exchange, Thursday, May 30, 2024. U.S. stocks are drifting Thursday following mixed profit reports from big companies and signals that the economy may be cooling.

Financial Markets Wall Street

Specialist Anthony Matesic, left, works at his post on the floor of the New York Stock Exchange, Thursday, May 30, 2024. U.S. stocks are drifting Thursday following mixed profit reports from big companies and signals that the economy may be cooling.

Financial Markets Wall Street

Trader Edward Curran, right, works on the floor of the New York Stock Exchange, Thursday, May 30, 2024. U.S. stocks are drifting Thursday following mixed profit reports from big companies and signals that the economy may be cooling.

NEW YORK (AP) — Most U.S. stocks rose Thursday, but indexes nevertheless stumbled because of sharp drops for some influential technology giants. Salesforce dropped to its worst day in nearly 20 years.

The S&P 500 sank 31.47 points, or 0.6%, to 5,235.48, even though the majority of stocks within the index and across Wall Street were higher. The Dow Jones Industrial Average dropped 330.06, or 0.9%, to 38,111.48, and the Nasdaq composite lost 183.50, or 1.1%, to 16,737.08.