The S&P 500 Index ($SPX) (SPY) today is up +0.05%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.34%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.44%.
US stocks today are mixed. The broader market is moving higher and extending last Friday’s gains on expectations for a Fed rate cut in September after the Jun personal consumption expenditures price index, the Fed’s preferred inflation gauge, eased as expected. Today's strength in chip stocks also boosts the overall market. In addition, lower T-note yields today support stocks as the 10-year T-note yield fell to a 1-1/2 week low of 4.149%.
