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Barchart
Barchart
Rich Asplund

Stocks Slip as Mixed Economic News Warrants a Cautious Fed

The S&P 500 Index ($SPX) (SPY) today is down -0.33%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.03%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.12%.

Stocks today are mixed, with the Dow Jones Industrials posting a new all-time high.  Some negative corporate news today is weighing on the broader market.  HP Inc. is down more than -13% after forecasting Q1 adjusted EPS below consensus.  Also, Dell Technologies is down more than -12% after reporting weaker-than-expected Q3 total net revenue.  In addition, Symbotic is down more than -38% after saying it is unable to file its annual Form 10-K for the fiscal year ended September 28, 2024, on time because it needs to assess the financial impacts of an error related to system revenue recognition.

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