The S&P 500 Index ($SPX) (SPY) on Wednesday closed down by -0.24%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.04%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -0.58%. September E-mini S&P futures (ESU25) fell -0.29%, and September E-mini Nasdaq futures (NQU25) fell -0.64%.
Stock indexes on Wednesday extended Tuesday's slide, with the S&P 500 falling to a 1.5-week low and the Nasdaq 100 dropping to a 2-week low. The weakness in the Magnificent Seven technology companies and the selloff in chip stocks weighed on the overall market. Also, disappointing corporate news was negative for stocks, as Target fell more than -6% after forecasting a bigger-than-expected decline in full-year sales. Estee Lauder fell more than -3% after forecasting weaker-than-expected 2026 EPS.
