The S&P 500 Index ($SPX) (SPY) today is down -0.90%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.32%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.85%. June E-mini S&P futures (ESM26) are down -1.07%, and June E-mini Nasdaq futures (NQM26) are down -1.99%.
Stock indexes are under pressure today, with the Nasdaq 100 falling to a 1.5-week low as investors rotate out of AI-infrastructure and semiconductor stocks that earlier this week pushed the US stock index to all-time highs. Technology stocks continue to pull back amid long liquidation and profit-taking after Broadcom’s outlook for chip sales fell short of high expectations, raising concerns that the rally in the AI trade has been excessive.
