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Barchart
Barchart
Rich Asplund

Stocks Climb on Lower Bond Yields and Strength in Chip Makers

The S&P 500 Index ($SPX) (SPY) today is up +0.42%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.04%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.85%.  December E-mini S&P futures (ESZ25) are up +0.41%, and December E-mini Nasdaq futures (NQZ25) are up +0.84%.

Stock indexes are mixed today.  The broader market is climbing, and bond yields are falling on hopes that weak US labor market news this week, including the August JOLTS job openings, the September ADP employment change, and the September nonfarm payrolls, will prompt the Fed to continue cutting interest rates.  The 10-year T-note yield is down -3 bp to 4.14%. 

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