The S&P 500 Index ($SPX) (SPY) this morning is up +0.04%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.16%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.02%.
US stocks this morning are mixed after US Apr core producer prices rose more than expected, which bolstered the outlook for the Fed to keep interest rates higher for longer. The markets will look to comments from Fed Chair Powell later this morning for further direction. Fed Chair Powell and ECB Governing Council member Knot are scheduled to speak at an event organized by the Netherlands Foreign Bankers Association.
