The S&P 500 Index ($SPX) (SPY) this morning is up +0.70%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.54%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.79%.
US stock indexes this morning are mildly higher, with the S&P 500 and the Nasdaq 100 posting all-time highs and the Dow Jones Industrials posting a 6-week high. Stocks rallied as bond yields fell after US consumer prices eased as expected. Also, the US retail sales, Empire manufacturing, and NAHB housing index reports were weaker than expected, bolstering the outlook for the Fed to cut interest rates this year.
