The S&P 500 Index ($SPX) (SPY) today is up +0.73%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.38%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.38%. June E-mini S&P futures (ESM25) are up +0.71%, and June E-mini Nasdaq futures (NQM25) are up +1.44%.
Stock indexes today recovered from early losses and are adding to Monday’s sharp rally, with the S&P 500 posting a 2-1/4 month high and the Nasdaq 100 posting a 2-1/2 month high. Easing inflation pressures are boosting stocks after today’s US Apr consumer price report rose less than expected. Also, the strength in semiconductor stocks today is supporting the overall market. Stocks surged Monday after China and the US agreed to cut tariffs and de-escalate their trade war.
