The S&P 500 Index ($SPX) (SPY) on Wednesday closed down -0.22%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.03%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.54%. September E-mini S&P futures (ESU26) fell -0.21%, and September E-mini Nasdaq futures (NQU26) fell -1.57%.
Stock indexes settled lower on Wednesday, with the S&P 500 falling from a 1-week high and the Dow Jones Industrials retreating from a new all-time high. The selloff in chipmakers and AI-infrastructure stocks led the broader market lower on Wednesday, giving back some of their sharp rally over the past two sessions. Weaker-than-expected US economic news also weighed on stocks after the Jun ADP employment change rose less than expected and the Jun ISM manufacturing index fell more than expected.
