The S&P 500 Index ($SPX) (SPY) today is up +0.51%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.46%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.45%. September E-mini S&P futures (ESU25) are up +0.44%, and September E-mini Nasdaq futures (NQU25) are up +0.42%.
Stock indexes are mostly higher today, with the S&P 500 posting a new record high and the Nasdaq 100 posting a 4-week high. Stocks are rallying today as bond yields fell after US producer prices for August unexpectedly eased, cementing expectations for Fed interest rate cuts. The 10-year T-note yield is down -3 bp to 4.06%.
