The S&P 500 Index ($SPX) (SPY) today is up +0.45%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.38%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.70%.
Stocks today are moderately higher, with the S&P 500 posting a new all-time high. Today’s decline in bond yields is supporting stock. The 10-year T-note yield dropped to a 1-month low on carryover support from to a decline in European government bond yields and a drop in US inflation expectations. Also, chip stocks are climbing today, as Bloomberg reported that additional US curbs on sales of chip technology to China may stop short of some of the stricter measures previously considered. The NYSE will close early today at 1300 EST in a shortened holiday session.
