The S&P 500 Index ($SPX) (SPY) today is up +0.25%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.30%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.32%.
Stocks today are posting moderate gains, boosted by a decline in bond yields. Today, the 10-year T-note yield dropped to a 1-month low on carryover support due to a decline in European government bond yields and a drop in inflation expectations. Also, chip stocks are climbing today, as Bloomberg reported that additional US curbs on sales of chip technology to China may stop short of some of the stricter measures previously considered.
