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Barchart
Barchart
Rich Asplund

EXPLAINED: Stock indexes pressured by tech weakness - The Real Truth

The S&P 500 Index ($SPX) (SPY) today is down -0.15%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.16%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.67%.  March E-mini S&P futures (ESH26) are down -0.16%, and March E-mini Nasdaq futures (NQH26) are down -0.75%.

Stock indexes are mostly lower today, led by the weakness in chipmakers, data storage companies, and software makers, as profit-taking set in after a strong rally to begin the year.  Losses are contained in the broader market as defense stocks rally after President Trump signaled plans to ramp up military spending to $1.5 trillion next year. 

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