The S&P 500 Index ($SPX) (SPY) today is down -0.43%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.26%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.40%. March E-mini S&P futures (ESH25) are down -0.52%, and March E-mini Nasdaq futures (NQH25) are down -0.61%.
Stock indexes today gave up early gains and turned lower on weakness in the Magnificent Seven stocks. Also, economic uncertainty is weighing on stocks due to the Trump administration's trade policies and today's US payroll report that showed an unexpected increase in the unemployment rate. The markets are awaiting Fed Chair Powell's keynote speech on the economic outlook later today at Chicago Booth's 2025 US Monetary Policy Forum.
