Why is US stock market down today? Dow, S&P 500, Nasdaq all in red — Is Fed rate-cut expectation holding investors back?

47,847.09, down 35.81 points or 0.07%. The S&P 500 eased to 6,847.37, lower by 2.35 points or 0.03%. The 23,423.41, down 30.69 points or 0.13%. Investors stayed cautious. Trading remained tight as markets waited for new economic signals. Tech stocks continued to guide sentiment. Microsoft dropped 2.5% after a report claimed the company lowered AI-linked software sales targets. Microsoft denied the claims. The stock recovered from early losses but still closed lower. The tech sector was the biggest drag on t ...