The S&P 500 Index ($SPX) (SPY) today is down -1.43%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.80%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -2.03%.
Stocks today are falling sharply, with the S&P 500 posting a 3-week low, the Dow Jones Industrials falling to a 6-week low, and the Nasdaq 100 dropping to a 1-week low. Disappointing earnings results from Microsoft and Meta Platforms weighed down tech stocks and market sentiment. Stocks maintained their losses after today’s mixed US economic news. Weekly initial unemployment claims unexpectedly fell to a 5-month low, Sep personal spending rose more than expected, and the Sep core PCE price index was unchanged from Aug at +2.7% y/y.
