The S&P 500 Index ($SPX) (SPY) this morning is down -0.12%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.35%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.62%.
Stocks this morning are mostly lower. The broader market is under pressure from weakness in chip stocks after analysts said Nvidia’s much-anticipated AI event on Monday had no major surprise announcements. Also, Super Micro Computer is down more than -11% after it announced a share offering. Stocks remained lower after US Feb housing starts and building permits rose more than expected, hawkish factors for Fed policy.
