The S&P 500 Index ($SPX) (SPY) today is up +0.22%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.30%.
Stock indexes today are moving higher, with the S&P 500 and Nasdaq 100 posting new all-time highs. The strength of chip stocks is leading technology stocks and the broader market higher today after Taiwan Semiconductor Manufacturing Co, the sole supplier of Nvidia's and Apple's most advanced chips, reported stronger-than-expected Q2 sales. Also, a decline in inflation expectations has knocked T-note yields lower and is supportive for stocks after the 10-year breakeven inflation rate fell to a 2-week low today.
