The S&P 500 Index ($SPX) (SPY) this morning is down -0.25%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.41%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.92%. 

US stock indexes this morning are mixed, with the S&P 500 falling to a 1-3/4 month low and the Nasdaq 100 dropping to a 2-1/2 month low.  Negative corporate news and escalating geopolitical risks are undercutting stocks.  Super Micro Computer is down more than -15% on earnings concerns after the company announced the date of its Q3 results but didn’t pre-announce results.  Also, Netflix is down more than -8% after forecasting Q2 revenue below consensus.  In addition, Jabil is down more than -3% after CEO Wilson was placed on paid leave pending the completion of an investigation related to corporate policies. 

Demand concerns are weighing on chip stocks today after Taiwan Semiconductor Manufacturing Co, the world’s largest maker of advanced chips, scaled back its expectations for 2024 semiconductor... Read more