The S&P 500 Index ($SPX) (SPY) today is up +0.44%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.55%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.49%. March E-mini S&P futures (ESH25) are up +0.35%, and March E-mini Nasdaq futures (NQH25) are up +0.24%.
Stock indexes today recovered from early losses and moved slightly higher, with the Dow Jones Industrials posting a 1-1/2 week high. Falling bond yields are giving stocks a boost today, with the 10-year T-note yield falling to a 1-week low today on speculation the Fed remains on a path to lower interest rates. Stocks added to their gains as better-than-expected US economic news eased growth concerns. US weekly jobless claims rose less than expected, the Mar Philadelphia Fed business outlook survey fell less than expected, and Feb existing home sales unexpectedly increased.
