The S&P 500 Index ($SPX) (SPY) today is up +0.28%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.51%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.07%. Dec E-mini S&P futures (ESZ24) are up +0.30%, and Dec E-mini Nasdaq futures (NQZ24) are up +0.07%.
Stock indexes today are slightly higher ahead of an expected -25 bp interest rate cut by the FOMC this afternoon. Strength in chip stocks is supporting gains in the broader market. Corporate news today is mixed for stocks. Jabil Inc. is up more than +8% after reporting better-than-expected Q1 net revenue and forecasting Q2 net revenue above consensus. Conversely, General Mills is down more than -2% after forecasting organic net sales growth for 2025 at the lower end of a previously given range due to higher promotional investments.
