The S&P 500 Index ($SPX) (SPY) this morning is down -0.25%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.41%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.92%.
US stock indexes this morning are mixed, with the S&P 500 falling to a 1-3/4 month low and the Nasdaq 100 dropping to a 2-1/2 month low. Negative corporate news and escalating geopolitical risks are undercutting stocks. Super Micro Computer is down more than -15% on earnings concerns after the company announced the date of its Q3 results but didn’t pre-announce results. Also, Netflix is down more than -8% after forecasting Q2 revenue below consensus. In addition, Jabil is down more than -3% after CEO Wilson was placed on paid leave pending the completion of an investigation related to corporate policies.
