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Barchart
Rich Asplund

Stock Indexes Slip as the Magnificent Seven Technology Stocks Retreat

V Donald Trump US Federal Reserve Nasdaq SP United States ARE Dow Jones Apple Powell

The S&P 500 Index ($SPX) (SPY) is down -0.21%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.55%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.26%.  March E-mini S&P futures (ESH26) are down -0.22%, and March E-mini Nasdaq futures (NQH26) are down -0.25%.

Stock indexes gave up early gains and turned lower today on weakness in the Magnificent Seven technology stocks.  Also, credit card companies are falling for a second day today to weigh on the overall market after President Trump said credit-card lenders would be “in violation of the law” if they don’t cap interest rates at 10% for one year. 

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