The S&P 500 Index ($SPX) (SPY) today is down -0.33%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.16%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.12%. September E-mini S&P futures (ESU26) are down -0.33%, and September E-mini Nasdaq futures (NQU26) are down -1.10%.
Stock indexes are falling today as a sell-off in South Korean chipmakers weighed on technology stocks and crude oil prices jumped amid renewed US-Iran hostilities. South Korea’s Kospi Index closed down more than -8% today after SK Hynix and Samsung Electronics plunged more than -10% on concerns that the artificial intelligence boom has become overextended. On the positive side is the strength of software stocks. Also, energy producers are moving higher with crude oil prices up sharply.
