The S&P 500 Index ($SPX) (SPY) today is down by -0.34%, the Dow Jones Industrials Index ($DOWI) (DIA) is down by -0.68%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -0.45%.
Stocks today are moderately lower, with the Dow Jones Industrials falling to a 1-1/2 week low. Stocks are being pressured by higher bond yields as the 10-year T-note yield climbed to a new 2-3/4 month high. Also, some negative corporate news is weighing on stocks, with McDonald’s down more than -6% after a severe E. coli outbreak was tied to its Quarter Pounder sandwiches and sickened dozens of people in several states. Also, Starbucks is down more than -4% after pulling guidance for 2025 after sales sank for the third quarter in a row. In addition, Boeing is down more than -2% after reporting a wider-than-expected Q3 negative adjusted free cash flow.
