The S&P 500 Index ($SPX) (SPY) today is down -0.16%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.25%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.15%. June E-mini S&P futures (ESM25) are down -0.19%, and June E-mini Nasdaq futures (NQM25) are down -0.21%.
Stock indexes today gave up an early advance and turned lower after US consumer sentiment plunged and price expectations soared. The University of Michigan US Apr consumer sentiment index fell more than expected to a 2-3/4 year low, and the University of Michigan US Apr 1-year inflation expectations jumped to the highest since 1981 on growing tariff concerns. Also, US chip manufacturers are slumping today after the China Semiconductor Association said that chip tariffs will be based on where they are manufactured, not where they're shipped from.
