The S&P 500 Index ($SPX) (SPY) this morning is down -1.41%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -1.79%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.70%.
US stock indexes this morning are sharply lower, led by weakness in technology stocks. Meta Platforms is down more than -12% after forecasting Q2 revenue below consensus and raising its full-year total expenses estimate. Also, IBM is down more than -9% after reporting lackluster Q1 revenue from its consulting division. In addition, Caterpillar is down more than -7% after saying it expects sales for Q2 to be lower compared to last year.
