The S&P 500 Index ($SPX) (SPY) on Thursday closed up +0.85%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +1.36%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.60%. September E-mini S&P futures (ESU25) rose +0.81%, and September E-mini Nasdaq futures (NQU25) rose +0.60%.
Stock indexes settled higher on Thursday, with the S&P 500, the Dow Jones Industrials, and the Nasdaq 100 all posting new record highs. Stocks rallied after Thursday’s as-expected Aug CPI report and an unexpected surge in weekly jobless claims to a 3.75-year high knocked bond yields lower and cemented expectations for Fed rate cuts. The 10-year T-note yield fell to a 5-month low of 3.99%.
