The S&P 500 Index ($SPX) (SPY) today is up +0.11%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.08%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.23%. December E-mini S&P futures (ESZ25) are up +0.09%, and December E-mini Nasdaq futures (NQZ25) are up +0.22%.
Stock indexes are moving higher today, with the Nasdaq 100 posting a new all-time high. The prospects for additional Fed interest rate cuts have sparked risk-on sentiment in asset markets and supported stocks. Market volatility may be higher than usual due to today’s quarterly event known as triple-witching, as $5 trillion worth of stock options, futures, and derivatives will expire. Higher bond yields today are limiting gains in stocks, with the 10-year T-note yield up +2 bp to 4.13%
