The S&P 500 Index ($SPX) (SPY) on Wednesday closed down -0.51%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.53%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.77%. March E-mini S&P futures (ESH26) fell -0.44%, and March E-mini Nasdaq futures (NQH26) fell -1.69%.
Stock indexes settled mixed on Wednesday, with the S&P 500 falling to a 2-week low and the Nasdaq 100 dropping to a 7-week low. Investors rotated out of high-flying chipmakers and AI-infrastructure stocks on Wednesday, which pressured the broader market. Advanced Micro Devices plunged more than -17% to lead chipmakers lower after analysts said the company's Q1 sales forecast was seen as weak.
