The S&P 500 Index ($SPX) (SPY) is up by +0.75% today, the Dow Jones Industrial Average ($DOWI) (DIA) is up by +0.53%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.83%. December E-mini S&P futures (ESZ26) are up +0.78%, and December E-mini Nasdaq futures (NQZ26) are up +0.87%.
Stock indexes are moving higher today, with the S&P 500 and Nasdaq 100 posting new all-time highs and the Dow Jones Industrials posting a 1-week high. Sliding crude oil prices have eased inflation expectations and lowered bond yields today, supporting stock gains. Market sentiment has improved as WTI crude oil is down more than -1% to a 1-month low today on signs that more oil supplies are leaving the Middle East. The 10-year T-note yield is down -3 bp to 5.28%.
