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The S&P 500 Index ($SPX) (SPY) today is down -0.19%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.04%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.43%. September E-mini S&P futures (ESU26) are down -0.25%, and September E-mini Nasdaq futures (NQU26) are down -1.50%.
Stock indexes are mixed today, with the Dow Jones Industrials posting a new all-time high. The broader market is under pressure today, led by weakness in chipmakers, after blowout earnings from Samsung Electronics failed to impress. Samsung, the world’s largest memory maker by market value, closed down more than -8% in South Korea today even after profit surged 19-fold. Semiconductor stocks are facing heightened scrutiny amid lofty valuations as investors question whether hundreds of billions of dollars in spending on artificial intelligence can be sustained. However, strength in software stocks is a supportive factor for the overall market.
