Premarket
- S&P 500SPY
- n/a
- No premarket print
- Nasdaq 100QQQ
- -0.03%
- at 709.06
- By the close-0.63%
- DowDIA
- n/a
- No premarket print
- Russell 2000IWM
- n/a
- No premarket print
IEX premarket price against the prior close.
Stocks fell as AI leaders urged a slowdown ahead of this week's Fed meeting.
Tone
The S&P 500 closed down 0.44 percent, the Nasdaq 100 lost 0.79 percent, the Dow 0.24 percent and the Russell 2000 0.35 percent. Premarket prices for the S&P 500, Dow and Russell 2000 are not in yet. The Nasdaq 100 is down 0.03 percent. The structure score is 40 out of 100, balanced: the longer trend is up, but the index sits near the low of its recent range.
Headlines frame this week's Federal Reserve meeting as a rate hike. The Nasdaq's drop came as AI leaders urged a slowdown and the 10-year yield touched 5 percent. Netflix rose 4 percent while the AI trade sold off, its capital going into shows rather than silicon. Chip stocks were the other drag, and Nvidia was the most covered company.
Today's economic and earnings calendar did not load, so confirm the schedule before the open.
Structure
Balanced40/100
Describes where SPY stands now. Not a forecast.
- SPY below its 20-day average+0
- 20-day average above the 50-day+25
- In the lower third of its 20-day range+5.12
Not observed today: premarket gap.
News
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Today
Economic releases
Calendar unavailable
Earnings
Calendar unavailable
Key levels
| Level | S&P 500SPY | Nasdaq 100QQQ | DowDIA | Russell 2000IWM |
|---|---|---|---|---|
| Prior close | 760.75 | 709.24 | 524.51 | 287.89 |
| Prior high | 763.48 | 712.88 | 526.74 | 289.84 |
| Prior low | 757.97 | 702.81 | 523.19 | 287.06 |
| 5-day high | 769.69 | 721.86 | 530.32 | 296.10 |
| 5-day low | 756.64 | 702.81 | 519.88 | 287.06 |
| IEX premarket | n/a | 709.06 | n/a | n/a |
Informational only. Not financial advice or a trade signal.