Stock Indexes Slip as Chipmakers Retreat

The S&P 500 Index ($SPX) (SPY) today is down -0.07%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.04%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.75%. September E-mini S&P futures (ESU26) are down -0.05%, and September E-mini Nasdaq futures (NQU26) are down -0.73%.

Stock indexes are under pressure today, with the S&P 500 and Nasdaq 100 falling to 2-week lows. The weakness in chipmakers is weighing on the overall market today. South Korea's Kospi Index fell by more than -5% today after Samsung Electronics and SK Hynix sold off, sparking a global decline in chipmakers. Stocks also came under pressure today after a New York Times report said ChatGPT owner OpenAI may delay its initial public offering until 2027.