The S&P 500 Index ($SPX) (SPY) today is up +0.41%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.17%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.49%. September E-mini S&P futures (ESU25) are up +0.43%, and September E-mini Nasdaq futures (NQU25) are up +0.54%.
Stock indexes are moving higher today, with the S&P 500 and Nasdaq 100 posting new all-time highs. Falling bond yields are supportive for stocks ahead of the Tue/Wed FOMC meeting, when the Fed is expected to cut interest rates by 25 bp. The 10-year T-note yield is down -2 bp to 4.04%. Also, Tesla is up more than +5% to lead megacap technology stocks higher after Elon Musk bought nearly $1 billion in stock.
