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Barchart
Barchart
Rich Asplund

Stocks Climb on Lower Bond Yields and Favorable Corporate News

The S&P 500 Index ($SPX) (SPY) today is up +0.30%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.13%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.49%.  September E-mini S&P futures (ESU25) are up +0.37%, and September E-mini Nasdaq futures (NQU25) are up +0.65%.

Stock indexes are moving higher today, with the S&P 500 and Nasdaq 100 posting new all-time highs.  Lower bond yields are supportive of stocks, with the 10-year T-note yield down -5 bp to 4.37%.  Also, the strength in chip stocks today is boosting technology stocks and leading the broader market higher.

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