The S&P 500 Index ($SPX) (SPY) this morning is down -0.87%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.56%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.77%.
Stock indexes this morning are moderately lower on weakness in technology stocks. Some negative corporate news undercut tech stocks, with Apple down more than -2% after figures from Counterpoint Research showed iPhone sales in China fell by -24% in the first six weeks of this year. Also, Advanced Micro Devices is down more than -2% after hitting a U.S. government roadblock in its plan to sell an artificial intelligence chip made for China. In addition, Tesla is down more than -4%, adding to Monday’s -7% fall after Chinese vehicle shipments plunged.
