The S&P 500 Index ($SPX) (SPY) Wednesday closed down -0.60%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.39%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.18%.
Stocks settled lower Wednesday, with the Nasdaq 100 falling to a 2-week low. Weakness in chip stocks weighed on the overall market ahead of quarterly earnings results from Nvidia. Corporate news Wednesday was mixed for stocks. Super Micro Computer closed down more than -19% after it said it would delay filing its Annual Report on Form 10-K for the fiscal year ended June 30, 2024. Also, Foot Locker closed down more than -10% after cutting its 2025 gross margin forecast. In addition, J M Smucker fell more than -4% after cutting its full-year net sales forecast.
