The S&P 500 Index ($SPX) (SPY) today is down -0.44%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.12%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.80%. March E-mini S&P futures (ESH25) are down -0.12%, and March E-mini Nasdaq futures (NQH25) are down -0.49%.
Tech stocks are weak again today, following sharp losses in the past two sessions when the Nasdaq 100 index fell -2.06% last Friday and -1.11% on Monday. There is a risk-off tenor to the market due to tariff risks and concern about the US economy. Some chip stocks are also showing weakness on reports that the Trump administration is preparing new restrictions on chip sales to China. By contrast, the US stock market has support from today’s -7.7 bp decline in the 10-year T-note yield.
