The S&P 500 Index ($SPX) (SPY) today is down -0.18%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.32%.
US stocks today gave up an early advance and turned lower. Weakness in chip stocks is weighing on the overall market. Also, diabetes device makers are under pressure today, with Insulet and Dexcom down more than -5% on the news that Eli Lilly’s weight-loss drug Zepbound helped cut the risk of diabetes by 94% in obese and pre-diabetic patients. In addition, Boeing is down more than -4% after it said it paused test flights of its 777X jetliner while it inspects cracks in a crucial structural component, marking the latest setback to certify its largest jetliner.
