The S&P 500 Index ($SPX) (SPY) today is up +0.77%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.39%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.68%.
US stocks today are moderately higher, with the S&P 500 and Nasdaq 100 posting 1-week highs. Favorable corporate earnings results are boosting stocks today, with Meta Platforms up more than +9% after reporting stronger-than-expected Q2 revenue. Also, CH Robinson Worldwide is up more than +15% after reporting better-than-expected Q2 EPS. Stock indexes maintained their gains after the 10-year T-note yield fell to a 6-month low when weekly jobless claims rose to a nearly 1-year high, and Q2 nonfarm productivity rose more than expected, dovish factors for Fed policy.
