The United States Stock Market Index (US500) Hit 4-week Low

US stocks extended losses on Wednesday amid further fragility for chip producers ahead of major tech earnings and the Federal Reserve rate decision. The S&P 500 fell 0.8% and the Nasdaq 100 fell 1%, while the Dow lost 800 points. Microsoft and Meta fell 0.5% ahead of their earnings reports after the bell, the latest bellwether for AI infrastructure spending. Concerns that AI capital expenditure is being overdone recently pressured magnificent seven stocks and triggered a selloff for chip producers that trimmed their surge late last quarter. Micron, Applied Materials, and Sandisk sank between 4% and 8% amid the pessimistic results by SK Hynix. Meanwhile, the Fed is expected to hold rates unchanged, although dissents for a hike could take place amid signs of a fractured FOMC. The Dow was pressured by a flareup in oil prices following fresh strikes between Iran and the US, adding to pro-inflationary risks. Visa rebounded and gained 1% after posting growth in revenue last quarter.

US500 decreased to 7374.00 Index Points, the lowest since June 2026. Over the past 4 weeks, United States Stock Market Index (US500) lost 1.66%, and in the last 12 months, it increased 15.91%.

The Dow Jones Index is dropping 441 points. Leading the losses are P&G (-4.07%), Sherwin-Williams (-3.57%) and Caterpillar (-3.33%). Top gainers were Chevron (2.50%), Coca-Cola (1.82%) and Travelers Companies (1.55%).