The S&P 500 Index ($SPX) (SPY) today is down by -0.35%, the Dow Jones Industrials Index ($DOWI) (DIA) is down by -0.48%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -0.51%.
Stocks today are mildly lower, with the Dow Jones Industrials falling to a 1-1/2 week low. Higher bond yields today are pressuring stocks 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 -5% after a severe E. coli outbreak was tied to its Quarter Pounder sandwiches and sickened dozens of people in several states. Also, Boeing is down more than -3% after reporting a wider-than-expected Q3 negative adjusted free cash flow. In addition, Coca-Cola is down more than -2% after reporting an unexpected -1% decline in Q3 unit case volume.
