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Barchart
Rich Asplund

Stock Indexes Consolidate Below Record Highs Before Fed Chair Powell Speaks

The S&P 500 Index ($SPX) (SPY) today is down -0.02%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.42%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.24%.  December E-mini S&P futures (ESZ25) are down -0.02%, and December E-mini Nasdaq futures (NQZ25) are down -0.15%. 

Stock indexes today are mixed, with the Dow Jones Industrials posting a new all-time high.  The broader market is consolidating after Monday's rally pushed the S&P 500, Dow Jones Industrials, and the Nasdaq 100 to new record highs.  Some mild profit-taking and long liquidation pressures are weighing on stocks ahead of comments later today on the economy from Fed Chair Powell.  Strength in energy producers is a supportive factor for the overall market, with the price of WTI crude up more than 1%.

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