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Barchart
Barchart
Rich Asplund

Stocks Climb and T-Note Yields Fall as US CPI Report Meets Expectations

The S&P 500 Index ($SPX) (SPY) today is up +0.08%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.18%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.08%.

Stock index futures recovered from overnight losses and are mixed. The broader market is climbing on a relief rally after US October consumer prices rose as expected.  Stocks also found support, and T-note yields fell further on dovish comments from Minneapolis Fed President Kashkari, who said inflation is headed in the right direction and he doesn't think inflation is stuck above the Fed's 2% target.  Weakness in chip stocks is weighing on the Nasdaq 100.

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