The S&P 500 Index ($SPX) (SPY) today is up +1.00%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.43%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.53%.
US stocks today are trading higher as companies recover from last Friday’s major IT outage and as China unexpectedly cut rates by -10 bp. Also, chip stocks are leading the stock market higher. However, US political uncertainty rose after President Biden on Sunday dropped out of the presidential race and endorsed Vice President Harris.
