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Barchart
Rich Asplund

RARE PHOTOS: Stocks fall on weakness in chipmakers and ai stocks - The Real Truth

MA IS THe Nasdaq ARE United States Dow Jones Caterpillar Dow Jones Industrial Average ECB

The S&P 500 Index ($SPX) (SPY) today is down -0.47%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.22%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.09%. September E-mini S&P futures (ESU26) are down -0.40%, and September E-mini Nasdaq futures (NQU26) are down -0.99%.

Stock indexes are under pressure today as chipmakers and AI stocks fall back after their sharp rally over the past two sessions. Signs of a slowdown in the US labor market also weighed on stocks after the Jun ADP employment change rose by +98,000, showing a weaker labor market than expectations of +120,000. Stocks remained lower after Fed Chair Warsh provided no guidance on interest rates at a meeting of central bankers in Portugal today.

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