The S&P 500 Index ($SPX) (SPY) today is down -1.30%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -1.25%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.49%. March E-mini S&P futures (ESH26) are down -1.29%, and March E-mini Nasdaq futures (NQH26) are down -1.44%.
Stock indexes are falling sharply today as this week’s sell-off deepened, with the S&P 500 falling to a 1.5-month low and the Nasdaq 100 dropping to a 2.5-month low. The sell-off in technology stocks persists, with Qualcomm down more than -8% to lead chip stocks lower after it forecasted weaker-than-expected Q2 revenue. Also, Alphabet is down more than -4% to lead the Magnificent Seven technology stocks lower after it forecast full-year 2026 capital expenditures of $175 billion to $185 billion, well above the consensus of $119.5 billion, which may impact its free cash flow, several analysts said.
