The S&P 500 Index ($SPX) (SPY) Thursday closed down -0.37%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.74%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.55%. September E-mini S&P futures (ESU25) fell -0.43%, and September E-mini Nasdaq futures (NQU25) fell -0.60%.
Stock indexes gave up an early advance on Thursday and settled lower, with the Dow Jones Industrials falling to a 2-week low. ARM Holdings Plc plunged more than -13% to weigh on chip stocks after the company forecast Q2 adjusted EPS below the consensus. Also, pharmaceutical companies retreated Thursday to weigh on the overall market after President Trump sent letters to 17 drug makers, demanding they slash drug prices.
