The S&P 500 Index ($SPX) (SPY) today is up +1.42%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.77%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.78%.
US stocks today are trading higher on positive carryover from a jump in Japanese stocks in the wake of dovish comments from Bank of Japan Deputy Governor Uchida, who pledged to refrain from raising interest rates when the markets are unstable. The Nikkei Stock Index rallied more than +1% today, and the yen tumbled nearly -2%, BOJ Deputy Governor Uchida said, "I believe that the BOJ needs to maintain monetary easing with the current policy interest rate for the time being, with developments in financial and capital markets at home and abroad being extremely volatile."
