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Barchart
Barchart
Rich Asplund

Stocks Lower on Tech Stocks Weakness and Stagflation Fears

Dow United States Dow Jones Meta Carrier Global Caterpillar Chipotle Mexican Grill Google Newmont US Federal Reserve

The S&P 500 Index ($SPX) (SPY) is down -0.41%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.86%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.6%. 

US stock indexes are lower, led by weakness in technology stocks.  Meta Platforms is down more than -10% after forecasting Q2 revenue below consensus and raising its full-year total expenses estimate.  Also, IBM is down more than -8% after reporting lackluster Q1 revenue from its consulting division.  In addition, Caterpillar is down more than -7% after saying it expects sales for Q2 to be lower compared to last year. 

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