On January 7, the New York Stock Exchange faced losses influenced by rising bond yields and a significant drop in major tech stocks. The Dow Jones Industrial Average fell by 178.20 points, closing at 42,528.36 points. The Nasdaq, heavily weighted with technology company stocks, dropped by 375.30 points to end at 19,489.68 points. The S&P 500, reflecting the overall market trend, decreased by 66.35 points, closing at 5,909.03 points.