The S&P 500 Index ($SPX) (SPY) today is down -1.26%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.30%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -2.69%. September E-mini S&P futures (ESU26) are down -1.14%, and September E-mini Nasdaq futures (NQU26) are down -2.58%.
Stock indexes are falling sharply today, with the S&P 500 posting a 1.5-week low and the Dow Jones Industrial Average and the Nasdaq 100 posting 1-week lows. Concerns over the high valuations of chipmakers and memory stocks, among the biggest beneficiaries of the artificial-intelligence trade, have led to global selling in those sectors today as investors question whether future returns can justify current spending on AI.
