The S&P 500 Index ($SPX) (SPY) today is up +0.05%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.35%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.30%. March E-mini S&P futures (ESH25) are up +0.05%, and March E-mini Nasdaq futures (NQH25) are down -0.32%.
Stocks today are mixed, with the Dow Jones Industrials posting a 6-week high. The broader market is under pressure today from the weakness of chip stocks. Also, higher bond yields today are negative for stocks, with the 10-year T-note yield up +3.9 bp to 4.650%. Today's weekly US initial unemployment claims report was negative for stocks after jobless claims rose more than expected.
