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Barchart
Barchart
Rich Asplund

Stock Indexes Slip on Weakness in Megacap Technology Stocks

The S&P 500 Index ($SPX) (SPY) today is down -0.42%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.60%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.95%.  December E-mini S&P futures (ESZ25) are down -0.38%, and December E-mini Nasdaq futures (NQZ25) are down -0.89%.

US stock indexes are mixed today.  The broader market is under pressure from divergent earnings results from megacap technology companies.  Meta Platforms is down more than -12% and Microsoft is down more than -2% after the companies failed to meet lofty expectations.  However, Alphabet is up by more than 5% after beating Q3 earnings estimates.

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