The S&P 500 Index ($SPX) (SPY) today is up +0.32%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.52%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.30%. December E-mini S&P futures (ESZ25) are up +0.32%, and December E-mini Nasdaq futures (NQZ25) are up +0.30%.
Stock indexes are slightly higher today, with the Nasdaq 100 posting a new all-time high. Lower bond yields are supporting stocks today, with the 10-year T-note yield down by -4 bp to 4.10%. T-note yields fell today on dovish comments from Fed Governor Christopher Waller, who said, "The labor market is weak," and he's open to quarter-point interest rate cuts at the coming FOMC meetings. Today's 2% fall in the price of WTI crude oil is weighing on energy producers.
