The S&P 500 Index ($SPX) (SPY) this morning is up +0.67%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.45%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.77%.
Stocks are higher today on positive carryover from Wednesday when Fed Chair Powell reiterated his expectation that it will likely be appropriate to begin lowering interest rates “at some point this year.” Stocks also found support after T-note yields turned lower today when US weekly jobless claims rose more than expected to a 2-month high, a dovish factor for Fed policy.
