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Barchart
Barchart
Rich Asplund

Stocks Decline Ahead of US Manufacturing News

The S&P 500 Index ($SPX) (SPY) today is down -0.76%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.54%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.16%.

Stocks today are moderately lower as they await fresh US economic news that will offer insight into the health of the US economy and determine the path of the Fed’s interest rate policy.  Weakness in chip stocks is a drag on the overall market.  Also, today’s -3% plunge in WTI crude prices weighed on energy stocks.

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