"The Trump administration's policies are trying to transition a lot of the job growth out of the public sector into the private sector." The S&P 500 tech sector lost 0.4 per cent, with Nvidia down 0.9 per cent. In the seven instances when they lasted 10 or more days, the S&P 500 fell four times and rose thrice, according to data from Vanguard. Its shares were down 7.2 per cent, at the bottom of the S&P 500. The S&P 500 posted 17 new 52-week highs and two new lows while the Nasdaq Composite recorded 57 new highs and 33 new lows.