The S&P 500 Index ($SPX) (SPY) today is down -1.46%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -1.42%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.64%. March E-mini S&P futures (ESH25) are down -1.40%, and March E-mini Nasdaq futures (NQH25) are down -1.56%.
Stocks today are sharply lower, with the S&P 500, the Dow Jones Industrials, and the Nasdaq 100 posting 1-week lows. Weakness in megacap technology stocks is dragging the broader market lower. Also, today’s selloff in chip stocks is weighing on the overall market. In addition, Boeing is down more than -3% after a 737-800 Boeing aircraft crashed at Muan International Airport in South Korea. Finally, year-end profit-taking in equity markets is weighing on stock prices, with Tuesday being the last trading day of 2024. On the positive side, energy stocks are finding support from today’s rally in WTI crude oil to a 2-week high.
