The S&P 500 Index ($SPX) (SPY) today is up +0.18%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.46%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.15%. March E-mini S&P futures (ESH26) are up +0.17%, and March E-mini Nasdaq futures (NQH26) are up +0.15%.
Stock indexes are moving higher today, with the Dow Jones Industrials climbing to a new all-time high. The broader market has support from today's weaker-than-expected reports on Dec retail sales and the Q4 employment cost index, which knocked bond yields lower and reinforced the case for the Fed to resume its interest rate cuts this year. The 10-year T-note yield fell to a 3-week low today at 4.14%.
