Dow drops 100 points; S&P 500 closes lower as Alphabet and chip shares sell off: Live updates
The S&P 500 fell on Thursday, as a slide in chip stocks weighed on the index even on the back of solid earnings.
AI Summary
Stock futures remained little changed Wednesday night after a rally fueled by cooler inflation, lower Treasury yields, and strong earnings. Investors are now focused on upcoming retail sales data and jobless claims for signs that the economy is slowing enough to keep inflation under control without tipping into a downturn. Corporate earnings from UnitedHealth and Netflix also remain key drivers.