The S&P 500 Index ($SPX) (SPY) today is down -0.15%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.18%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.19%. March E-mini S&P futures (ESH26) are down -0.17%, and March E-mini Nasdaq futures (NQH26) are down -0.22%.
Stock indexes are under pressure today, with the Dow Jones Industrials sliding to a 1-week low and the Nasdaq 100 falling to a 1.5-week low. The weakness in the Magnificent Seven technology stocks is leading the broader market lower on the last trading day of the year. Also, mining stocks are sliding today, with gold prices falling to a 2.5-week low and silver prices plunging more than -8%. In addition, higher bond yields are negative for stocks, with the 10-year T-note yield climbing by +3 bp to 4.15% after weekly jobless claims unexpectedly fell to a 1-month low, a hawkish factor for Fed policy.
