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Barchart
Barchart
Rich Asplund

Stocks Climb in Anticipation of Fed-Friendly US Economic News

The S&P 500 Index ($SPX) (SPY) today is up by +0.39%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.27%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.50%.  December E-mini S&P futures (ESZ25) are up +0.40%, and December E-mini Nasdaq futures (NQZ25) are up +0.47%.

Stock indexes are climbing today, recovering some of last Friday’s sharp losses.  The outlook for lower interest rates and easier Fed policy is supporting stocks, with the 10-year T-note yield down -3 bp to 4.16%.  Also, this week’s US economic news on employment and prices is expected to be Fed-friendly and supportive for stocks. 

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