The S&P 500 Index ($SPX) (SPY) today is down -0.74%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.13%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.40%. March E-mini S&P futures (ESH26) are down -0.74%, and March E-mini Nasdaq futures (NQH26) are down -1.42%.
Stock indexes are mostly lower today, with the Dow Jones Industrials posting a 1-week low. The broader market is under pressure today as Nvidia’s earnings failed to alleviate concerns about an overheated AI economy, which is weighing on chipmakers and AI-infrastructure stocks. Although Nvidia easily beat Q4 earnings estimates and forecast a Q1 outlook above expectations, the stock is down more than 4% amid uncertainty over China, and it will continue to exclude data center revenue from China in its forecasts due to concerns about Chinese government approval.
