The S&P 500 Index ($SPX) (SPY) is up by +0.01% today, the Dow Jones Industrial Average ($DOWI) (DIA) is down by -0.41%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.43%. December E-mini S&P futures (ESZ26) are up +0.03%, and December E-mini Nasdaq futures (NQZ26) are up +0.45%.
Stock indexes are mixed today, with the S&P 500 posting a 5-week high and the Nasdaq 100 posting a 3.5-month high. Weaker crude oil prices today are easing inflation risks, lowering bond yields, and boosting market sentiment. WTI crude oil is down nearly -1% today at a 3-week low after Japan’s Kyodo News Agency reported that Iran has proposed to reopen the Strait of Hormuz within seven days if the US blockade is lifted.
