The S&P 500 Index ($SPX) (SPY) today is down -0.90%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -1.57%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.71%. March E-mini S&P futures (ESH26) are down -0.94%, and March E-mini Nasdaq futures (NQH26) are down -0.76%.
Stock indexes today added to Thursday’s losses, with the Dow Jones Industrials falling to a 3.5-week low as the disruptive potential of AI is weighing on stocks. The weakness in software companies and cybersecurity stocks is weighing on the broader market. Stocks extended their losses today after US Jan producer prices rose more than expected, dampening any speculation that the Fed would cut interest rates in the near term.
