The S&P 500 Index ($SPX) (SPY) today is down -0.48%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -1.01%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.73%.
US stock indexes today are under pressure, with the S&P 500 falling to a 2-week low and the Dow Jones Industrials falling to a 4-week low. Stocks are sliding because of concern that the Fed will keep interest rates higher for longer, causing a risk-off sentiment in asset markets. Stock indexes found some support after bond yields declined on today’s dovish US economic reports.
