The S&P 500 Index ($SPX) (SPY) today is up by +0.76%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +1.25%.
Stocks today are moderately higher, with the Nasdaq 100 posting a 1-week high on strength in megacap technology stocks. Stocks are also climbing on upbeat comments from New York Fed President Williams, who said the Fed is "well positioned" to pull off a soft landing for the US economy. In addition, today’s news that the US Aug trade deficit fell to a 5-month low was a positive factor for US Q3 GDP.
