The S&P 500 Index ($SPX) (SPY) today is down -1.52%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -1.27%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -2.13%.
US stocks today are extending Thursday’s sharp losses, with the S&P 500 falling to a 7-week low, the Nasdaq 100 dropping to a 2-month low, and the Dow Jones Industrials sliding to a 1-week low. Global equity markets are falling today as weaker-than-expected economic news this week has fueled concerns the Fed is behind the curve and is too slow in cutting interest rates. Also, disappointing technology earnings results are weighing on stocks, with Intel down more than -26% and Amazon.com down more than -12%.
