The S&P 500 Index ($SPX) (SPY) today is down -0.26%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.28%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.34%. March E-mini S&P futures (ESH26) are down -0.26%, and March E-mini Nasdaq futures (NQH26) are down -0.33%.
Stock indexes are under pressure today, led by losses in chipmakers and AI-infrastructure stocks, amid renewed caution over the outlook for artificial intelligence. Concerns remain that AI could disrupt entire sectors of the economy and that the huge investments into the technology may not pay off. Stocks also face some negative carryover from Wednesday, when the minutes of the Jan 27-28 FOMC meeting stated that “several” policymakers suggested the Fed may need to raise interest rates if inflation stays above its goal.
