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Barchart
Barchart
Rich Asplund

Stocks Retreat as Tech Stocks Slump and Inflation Pressures Persist

The S&P 500 Index ($SPX) (SPY) today is down by -0.74%, the Dow Jones Industrials Index ($DOWI) (DIA) is down by -0.43%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -1.28%.  September E-mini S&P futures (ESU25) are down -0.74%, and September E-mini Nasdaq futures (NQU25) are down -1.24%. 

Stock indexes are moving lower today, weighed down by weakness in technology stocks.  Marvell Technology is down more than -16% to lead semiconductor stocks lower after reporting that Q2 data center revenue missed estimates.  Also, Dell Technologies is down more than -8% to lead computer hardware stocks lower after reporting tighter profit margins on AI servers.   

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