The S&P 500 Index ($SPX) (SPY) today is up +0.11%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.08%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.15%. September E-mini S&P futures (ESU26) are up +0.06%, and September E-mini Nasdaq futures (NQU26) are down -0.08%.
Stock indexes are stabilizing today after yesterday’s sharp sell-off. Stocks are seeing support as oil prices fell back. Software stocks are trading higher, but chip stocks are trading lower despite a blockbuster revenue forecast from Intel tied to data center demand. Bearish sentiment lingers as President Trump announced a new round of tariffs that could prove inflationary. Also, the market is braced for a possible expansion of US military attacks on Iran, which Mr. Trump said he is considering.
