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Barchart
Rich Asplund

UNBELIEVABLE: Stocks settle lower on weakness in big tech - The Untold Story

SP Nasdaq Dow Jones United States Michelle Bowman Powell US Federal Reserve Boeing Jeffries Microsoft

The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -0.55%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.19%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.73%.  December E-mini S&P futures (ESZ25) fell -0.54%, and December E-mini Nasdaq futures (NQZ25) fell -0.70%. 

Stock indexes on Tuesday settled lower, with the S&P 500 and Dow Jones Industrials falling from new record highs.   Stocks retreated on Tuesday due to weakness in the megacap “Magnificent Seven” technology companies.  Stock extended their losses after Fed Chair Powell offered no hints on whether he would support an interest rate cut at next month’s FOMC meeting. 

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