The S&P 500 Index ($SPX) (SPY) today is down -0.54%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.42%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.38%. September E-mini S&P futures (ESU26) are down -0.51%, and September E-mini Nasdaq futures (NQU26) are down -1.34%.
Stock indexes are moving lower today, with the S&P 500 and Nasdaq 100 falling to 2-week lows. The weakness in chipmakers is weighing on the overall market today. South Korea's Kospi Index fell by more than -5% today after Samsung Electronics and SK Hynix sold off, sparking a global decline in chipmakers. Stocks also came under pressure today after a New York Times report said ChatGPT owner OpenAI may delay its initial public offering until 2027. On the positive side, strength in software stocks is limiting the downside in the broader market.
