The S&P 500 Index ($SPX) (SPY) today is down -0.41%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.37%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.61%. June E-mini S&P futures (ESM25) are down -0.30%, and June E-mini Nasdaq futures (NQM25) are down -0.46%.
Stock indexes today are moving lower as chip stocks retreat and give back some of this week's sharp rally. Prices recovered from their worst levels on mixed US economic news that showed weekly initial unemployment claims were unchanged and April retail sales rose more than expected, easing recession concerns. Also, T-note yields declined after a weaker-than-expected US Apr PPI report and the largest decline in 6 months for the Apr manufacturing production report.
