The S&P 500 Index ($SPX) (SPY) today is up +0.27%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.05%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.10%. March E-mini S&P futures (ESH26) are up +0.28%, and March E-mini Nasdaq futures (NQH26) are up +0.15%.
Stock indexes are moving higher today on signs of a resilient US labor market, after Dec nonfarm payrolls rose less than expected, while the unemployment rate declined and average hourly earnings rose more than expected. US housing news was also mixed, as October housing starts unexpectedly fell to a 5.5-year low, while building permits rose more than expected. Also, some short covering in stocks is lifting prices ahead of a possible Supreme Court ruling on President Trump’s tariffs later today.
