The S&P 500 Index ($SPX) (SPY) today is up +0.07%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.13%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.10%. June E-mini S&P futures (ESM25) are up +0.15%, and June E-mini Nasdaq futures (NQM25) are up +0.20%.
Stock indexes are moderately higher today on carryover support from Monday's sharp gains in hopes that next week's upcoming US reciprocal tariffs would be more targeted than previously stated and narrower than initially planned, with Mr. Trump saying, "I may give a lot of countries breaks." Energy stocks are climbing today as WTI crude rose to a 3-week high after President Trump threatened to impose extra tariffs on nations buying crude from Venezuela. Stock gains are limited due to higher bond yields as the 10-year T-note yield rose to a 1-month high today.
