The S&P 500 Index ($SPX) (SPY) on Wednesday closed down -0.17%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.49%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.83%. September E-mini S&P futures (ESU26) fell -0.19%, and September E-mini Nasdaq futures (NQU26) fell -0.90%.
Stock indices settled mixed on Wednesday, with Dow Jones Industrials posting a new all-time high. However, the S&P 500 fell from a record high, and the Nasdaq 100 fell from a 1-month high and turned negative as a -7% decline in Advanced Micro Devices led chipmakers lower after the company’s third-quarter sales forecast underwhelmed investors expecting stronger performance amid healthy demand. Also, SpaceX closed down more than -13% after the company projected higher-than-expected spending on its AI business.
