The S&P 500 Index ($SPX) (SPY) today is down -1.24%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.59%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -2.20%.
Stocks are under pressure today, with the S&P 500 and Dow Jones Industrials falling to a 3-week low and the Nasdaq 100 falling to a 3-1/2 week low. Weakness in chip stocks is weighing on the overall market today, led by a -9% fall in Broadcom after it gave disappointing guidance on Q4 revenue. Also, a slump in megacap technology stocks is a drag on the broader market.
