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Barchart
Barchart
Rich Asplund

Stocks Retreat on a Selloff in Magnificent Seven Tech Stocks

The S&P 500 Index ($SPX) (SPY) today is down -1.16%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.75%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.71%.  March E-mini S&P futures (ESH25) are down -1.34%, and March E-mini Nasdaq futures (NQH25) are down -1.87%. 

Stocks today are moderately lower, weighed down by a selloff in the Magnificent Seven technology stocks.  On the positive side, energy stocks are climbing today with the price of WTI crude oil up more than +1%.  Thin trading conditions and low volumes due to holiday trading this week and next are leading to exaggerated moves in stocks.

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