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Barchart
Rich Asplund

Stocks Slip on Corporate News and Hawkish Fed Comments

The S&P 500 Index ($SPX) (SPY) this morning is down -0.15%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.28%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.27%. 

Stock indexes this morning are mildly lower on some negative corporate news.  Take-Two Interactive Software is down more than -6% after gaming news publication Kotaku reported that the company’s Grand Theft Auto VI production has started to fall behind, and the video game could miss its 2025 release window. Also, United Airlines Holdings is down more than -4% on a report that said the Federal Aviation Administration is considering putting temporary sanctions on the company, including preventing it from adding new routes, following a series of safety incidents.  In addition, Intel and Advanced Micro Devices are down more than -2% after a Financial Times report said that China is seeking to limit the use of US-made microprocessors and servers in government computers. 

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