The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -0.84%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.34%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.55%. March E-mini S&P futures (ESH26) fell -0.84%, and March E-mini Nasdaq futures (NQH26) fell -1.54%.
Stock indexes gave up an early advance on Tuesday and sold off sharply, with the Dow Jones Industrials falling from a new record high and the S&P 500 and Nasdaq 100 dropping to 1.5-week lows. Data service and software stocks retreated on Tuesday, dragging the broader market lower, following the release of an automation tool for lawyers by artificial-intelligence firm Anthropic. Also, chip makers and AI-infrastructure stocks gave up an early rally and fell sharply as investors rotated out of tech stocks into more economically sensitive industries.
