Stock indexes, including the S&P 500, Dow Jones, and Nasdaq, are down today due to weakness in technology stocks and concerns over credit card companies. Despite early gains, the market turned lower, with energy stocks climbing as WTI crude oil hit a 2.25-month high. Geopolitical risks, including a tariff on countries dealing with Iran and drone attacks on oil tankers, are pushing oil prices higher. Concerns about Fed independence and economic news are influencing market sentiment. Q4 earnings season is starting, with S&P earnings expected to grow by 8.4%. Interest rates are stable, with T-notes slightly up.

In stock movements, technology stocks like Microsoft and Meta Platforms are down, while mining stocks are up due to a rally in silver prices. Credit card companies like Mastercard and Visa are falling after Trump’s comments on interest rates. Travere Therapeutics is down after an FDA request, and Super Micro Computer is down following a sell recommendation. Chipotle Mexican Grill, Adobe, and Synopsys are also down, while Delta Air Lines, Option Care Health, Intel, and others are up. Earnings reports are expected from companies like Bank of New York Mellon, Delta Air Lines, and JPMorgan Chase today.

Read more at Barchart: Stock Indexes Slip as the Magnificent Seven Technology Stocks Retreat