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Barchart
Rich Asplund

MYSTERIOUS: Stocks settle sharply lower as tech stocks routed - You Need To See This

SP United States Nasdaq Christopher Waller Raphael Bostic US Federal Reserve Atlanta Fed Bitcoin Oracle

The S&P 500 Index ($SPX) (SPY) on Wednesday closed down by -1.16%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down by -0.47%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -1.93%.  December E-mini S&P futures (ESZ25) fell -1.02%, and December E-mini Nasdaq futures (NQZ25) fell -1.71%.

Stock indexes retreated on Wednesday, with the S&P 500 and Nasdaq 100 posting 3-week lows.  The rout in AI-infrastructure stocks and chip makers on Wednesday weighed on the broader market and sparked risk-off in asset markets.  Also, a -2% fall in Bitcoin (^BTCUSD) weighed on cryptocurrency-exposed stocks. 

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