The S&P 500 Index ($SPX) (SPY) today is down -0.03%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.51%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.21%. December E-mini S&P futures (ESZ25) are down -0.10%, and December E-mini Nasdaq futures (NQZ25) are down -0.25%.
Stock indexes today are mixed, with the Dow Jones Industrials posting a new all-time high. The broader market is consolidating after Monday's rally pushed the S&P 500, Dow Jones Industrials, and the Nasdaq 100 to new record highs. The weakness in the Magnificent Seven technology stocks today is a drag on the overall market. Additionally, some mild profit-taking and long liquidation pressures are weighing on stocks ahead of Fed Chair Powell's comments on the economy later today. Strength in energy producers is a supportive factor for the overall market, with the price of WTI crude up more than +2%.
