The S&P 500 Index ($SPX) (SPY) today is down -0.51%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.91%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.25%. June E-mini S&P futures (ESM25) are down -0.60%, and June E-mini Nasdaq futures (NQM25) are down -0.28%.
Stock indexes are sliding today along with the dollar due to the reduced attractiveness of US assets to foreign investors with the ongoing trade war and last Friday’s Moody downgrade of the US credit rating. Stocks are also being undercut by the +4 bp rise in the 10-year T-note yield to 4.53%.
