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Barchart
Barchart
Rich Asplund

Software Stocks Retreat and Drag the Broader Market Lower

The S&P 500 Index ($SPX) (SPY) today is down -0.35%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.13%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.94%.  March E-mini S&P futures (ESH26) are down -0.38%, and March E-mini Nasdaq futures (NQH26) are down -0.95%.

Stock indexes are mixed today, with the Dow Jones Industrials posting a new record high and the Nasdaq 100 falling to a 1.5-week low.  Data service and software stocks are retreating today, dragging the broader market lower, following the release of an automation tool for lawyers by artificial-intelligence firm Anthropic.  Also, chip makers and AI-infrastructure stocks gave up an early rally and turned lower as investors rotated out of tech stocks into more economically sensitive industries.

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