The S&P 500 Index ($SPX) (SPY) today is down by -0.20%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.16%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -0.75%. December E-mini S&P futures (ESZ25) are down -0.22%, and December E-mini Nasdaq futures (NQZ25) are down -0.73%.
Stock indexes are mixed today, with the Dow Jones Industrials posting a new all-time high. However, a retreat in technology shares is weighing down the broader market. Broadcom is down more than -7% to lead chip makers and tech stocks lower today after its sales outlook fell short of lofty expectations and the company failed to provide an AI revenue forecast for 2026. This week’s disappointing outlooks from Oracle and Broadcom have also spurred some investors to rotate out of the tech sector due to lofty valuations and uncertainty over whether vast spending on AI infrastructure will ultimately pay off. However, investor rotation out of tech stocks into industrial stocks is providing support to the Dow Jones Industrial Average.
