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Barchart
Barchart
Rich Asplund

Tech Stock Weakness Weighs on the Overall Market

The S&P 500 Index ($SPX) (SPY) this morning is down -0.49%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.47%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.95%.

Stock indexes this morning are moderately lower on some negative corporate news.  Apple is down more than -2% after figures from Counterpoint Research showed iPhone sales in China fell by -24% in the first six weeks of this year.  Also, Advanced Micro Devices is down more than -2% after hitting a U.S. government roadblock in its plan to sell an artificial intelligence chip made for China.

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