The S&P 500 Index ($SPX) (SPY) today is down -1.52%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -1.15%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -2.28%.
Stocks today are sharply lower, with the Nasdaq 100 sliding to a 2-1/2 week low as weakness in chip stocks drags down the overall market. Also, today’s -3% plunge in WTI crude prices to a 7-1/2 month low weighed on energy stocks. Losses in stocks accelerated on today’s weaker-than-expected ISM manufacturing and construction spending reports.
