The S&P 500 Index ($SPX) (SPY) is down by -0.65% today, the Dow Jones Industrial Average ($DOWI) (DIA) is down by -0.20%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -1.48%. E-mini S&P futures (ESU26) are down -0.58%, and September E-mini Nasdaq futures (NQU26) are down -1.30%.
Stock indexes are tumbling today, with the Nasdaq 100 falling to a 6-week low. Weakness in chipmakers and AI-infrastructure stocks are driving the broader market lower today after leaders of the biggest artificial-intelligence firms proposed slowing the technology’s development, raising concerns that efforts to rein in AI could curb billions of dollars in capital spending to build out the technology. On the positive side, software stocks are climbing today as the threat of an AI spending slowdown dampens the risk of disruption to software companies.
