The S&P 500 Index ($SPX) (SPY) is down -0.78%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.29%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.50%. December E-mini S&P futures (ESZ26) are down -0.81%, and December E-mini Nasdaq futures (NQZ26) are down -1.65%.
A fresh unwinding in chip and AI stocks is weighing on stocks. Meta (META) fell by more than -6% even after CEO Zuckerberg said the company’s AI investment is starting to pay off. Tesla (TSLA) is down more than -1% after trimming its capex plans. Lam Research fell more than -10% after the chip company delivered disappointing guidance.
