The S&P 500 Index ($SPX) (SPY) today is down -2.36%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -1.94%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -2.78%.
US stocks today are plunging, with the S&P 500 falling to an 8-week low, the Nasdaq 100 dropping to a 2-month low, and the Dow Jones Industrials sliding to a 3-week low. Global equity markets are plummeting today as this week’s slate of weaker-than-expected US economic news has fueled concerns that the Fed is behind the curve and too slow to cut interest rates. Also, disappointing technology earnings results are weighing on stocks today, with Intel down more than -27% and Amazon.com down more than -11%.
