The S&P 500 Index ($SPX) (SPY) today is down -0.50%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.47%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.40%. March E-mini S&P futures (ESH26) are down -0.55%, and March E-mini Nasdaq futures (NQH26) are down -0.42%.
Stock indexes are extending Wednesday's losses today, with the S&P 500 falling to a 2-week low and the Nasdaq 100 sliding to a 2.5-month low. The selloff in technology stocks persists, with Qualcomm down more than -9% to lead chip stocks lower after it forecasted weaker-than-expected Q2 revenue. Also, Alphabet is down more than -3% after it forecast full-year 2026 capital expenditures of $175 billion to $185 billion, well above the consensus of $119.5 billion, which may impact its free cash flow, according to several analysts.
