Stocks and Bonds Climb as Weak Jobs Bolster Fed Rate Cut Chances

The S&P 500 Index ($SPX) (SPY) today is up by +0.56%, the Dow Jones Industrials Index ($DOWI) (DIA) is down by -0.19%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +1.02%.  September E-mini S&P futures (ESU25) are up +0.56%, and September E-mini Nasdaq futures (NQU25) are up +1.00%. 

Stock indexes are mostly higher today, driven by lower T-note yields and increased chances of a Fed rate cut later this month.  T-note yields fell after the July JOLTS job openings fell more than expected to a 10-month low.  The 10-year T-note yield is down -5 bp to 4.22%.