The S&P 500 Index ($SPX) (SPY) today is down by -0.06%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.26%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -0.50%. December E-mini S&P futures (ESZ25) are down -0.08%, and December E-mini Nasdaq futures (NQZ25) are down -0.58%.
Stock indexes are mostly lower today ahead of the FOMC meeting results this afternoon. Stocks are under pressure today due to rising global bond yields. The 10-year T-note yield rose to a 3-month high of 4.21% and the 10-year German bund yield climbed to an 8.75-month high of 2.90%. However, T-note yields have since turned lower on position squaring ahead of the FOMC meeting results, with the 10-year T-note yield down -2 bp to 4.17%.
