The S&P 500 Index ($SPX) (SPY) today is down -1.02%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.30%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.69%. March E-mini S&P futures (ESH26) are down -1.10%, and March E-mini Nasdaq futures (NQH26) are down -1.79%.
Stock indexes are sharply lower today, with the S&P 500 and Dow Jones Industrial Average falling to 1-week lows. AI spending worries are weighing on stocks today, with Microsoft sinking more than -12% after reporting underwhelming growth in its cloud business and higher-than-expected expenses. The rout in Microsoft is undercutting the Magnificent Seven technology stocks, sans Meta Platforms, and is weighing on the broader market.
