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Barchart
Barchart
Rich Asplund

Stocks Climb on Strength in the Magnificent Seven Stocks

The S&P 500 Index ($SPX) (SPY) today is up +0.25%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.19%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.28%.  September E-mini S&P futures (ESU25) are up +0.22%, and September E-mini Nasdaq futures (NQU25) are up +0.23%. 

Stocks are climbing today, with the Nasdaq 100 posting a new all-time high.  Strength in the Magnificent Seven technology stocks is supporting gains in the overall market.  Stock investors are awaiting fresh news on trade deals and tariffs.  President Trump said he would update the trade status of seven countries this morning, with additional announcements later in the day. Slightly lower bond yields are positive for stocks, with the 10-year T-note yield down -2 bp to 4.38%. 

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