As of today, the S&P 500 Index is down 0.96%, the Dow Jones is down 0.57%, and the Nasdaq 100 is down 1.53%, marking a slide to one-week lows for these indexes. A weak performance from semiconductor manufacturers and major technology stocks is contributing to this decline amid rising geopolitical tensions, specifically regarding potential U.S. responses to unrest in Iran, where some U.S. personnel have been advised to leave the Al Udeid Air base in Qatar.
Global markets vary with the Euro Stoxx 50 down 0.24%, and Japan’s Nikkei Stock 225 up 1.48%. The market is digesting trade data from China, where December exports rose 6.6% year-over-year, exceeding expectations of 3.1%. Investors are closely watching for further developments regarding the Federal Reserve’s interest rate decisions, with a 3% probability assigned to a potential rate cut in the upcoming January meeting.
