The S&P 500 Index ($SPX) (SPY) today is down -0.27%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.03%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.50%.
Stocks today gave up overnight gains and turned lower on some negative corporate news. Super Mico Computer plunged more than -32% after accounting firm Ernst & Young LLP resigned as SMCI’s auditor amid a US Justice Department probe of the company’s accounting practices. Also, Eli Lilly & Co is down more than -12% after cutting its full-year adjusted EPS estimate, and Advanced Micro Devices is down more than -7% after forecasting Q4 revenue below consensus.
