The S&P 500 Index ($SPX) (SPY) today is down -1.62%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.97%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -2.60%.
Stocks are trading sharply lower on disappointing earnings reports late Wednesday from Tesla (TSLA) and Alphabet (GOOG), along with reduced optimism about AI. In addition, European stocks were undercut by disappointing results from LVMH Moet Hennesy Louis Vuitton, which saw a sharp drop in sales in China, and Deutschebank, which said it would likely cancel plans for a stock buyback later this year.
