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Barchart
Barchart
Rich Asplund

Tech Weakness and Negative Corporate News Weigh on Stocks

The S&P 500 Index ($SPX) (SPY) today is down by -0.30%, the Dow Jones Industrials Index ($DOWI) (DIA) is down by -0.12%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -0.67%.  September E-mini S&P futures (ESU25) are down -0.35%, and September E-mini Nasdaq futures (NQU25) are down -0.71%. 

Stock indexes today extended Tuesday’s losses, with the S&P 500 falling to a 1-week low and the Nasdaq 100 dropping to a 2-week low.  The weakness in the Magnificent Seven technology companies and losses in chip makers are weighing on the overall market. Also, disappointing corporate news is negative for stocks, with Target down more than 8% after forecasting a bigger-than-expected decline in full-year sales.  Estee Lauder is down more than -3% after forecasting weaker-than-expected 2026 EPS.

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