The S&P 500 Index ($SPX) (SPY) today is down -1.94%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.75%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -3.18%. March E-mini S&P futures (ESH25) are down -1.89%, and March E-mini Nasdaq futures (NQH25) are down -3.12%.
Stock indexes are selling off today, with the S&P 500 and Nasdaq 100 posting 5-1/2 month lows. Stocks are under pressure because of concern that tariffs and cuts to the federal workforce will dampen consumer confidence and curb economic growth. Comments from President Trump on a Sunday news show added to pressure on stocks today when he said the US economy faces “a period of transition” from his tariff policies. Losses in the Magnificent Seven stocks today are also weighing on the overall market,
