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Barchart
Barchart
Rich Asplund

Stocks Moderately Higher on Strength in Megacap Tech Stocks and Dovish Barkin

Barkin Nasdaq SP United States Donald Trump Mike Johnson Carvana Richmond Fed US Federal Reserve Wolfe Research

The S&P 500 Index ($SPX) (SPY) today is up +0.78%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.59%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.97%.  March E-mini S&P futures (ESH25) are up +0.73%, and March E-mini Nasdaq futures (NQH25) are up +0.95%. 

Stocks today are moderately higher due to the strength of megacap technology stocks.  Stocks added to their gains today on dovish comments from Richmond Fed President Barkin said, "Inflation is not yet back to target, so we still have more work to do, but we don't think we need to be as restrictive as we once were to finish that job."

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