The S&P 500 Index ($SPX) (SPY) today is down -1.01%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.50%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.73%. March E-mini S&P futures (ESH25) are down -0.96%, and March E-mini Nasdaq futures (NQH25) are down -1.58%.
Stock indexes today are trading lower ahead of the 2-day FOMC meeting that begins this morning. Stocks are being undercut by concerns that the US economy is losing momentum due to US trade policies and uncertainty over the administration's economic strategy. Weakness in the Magnificent Seven stocks and a slide in chip stocks are leading the broader market lower.
