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Barchart
Barchart
Rich Asplund

Stocks Climb as Nasdaq 100 Posts a New Record High on Falling Bond Yields

United States ADP MGM Resorts International US Federal Reserve

The S&P 500 Index ($SPX) (SPY) today is up +0.11%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.18%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.09%.

Stock indexes today are moderately higher in this holiday-shortened session, with the Nasdaq 100 posting a new record high.  Stock indexes will end trading at 1 pm EST and close Thursday for the July 4 holiday.  Today’s decline in T-note yields supports stocks after weaker-than-expected US labor market news showed the June ADP employment change rose less than expected and weekly continuing unemployment claims rose to a 2-1/2 year high, a dovish factor for Fed policy. 

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