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Barchart
Barchart
Rich Asplund

Stocks Mostly Higher on Hopes for Lower Interest Rates

Interest Rates United States Barkin Boeing Richmond Fed US Federal Reserve Wells Fargo Securities

The S&P 500 Index ($SPX) (SPY) is up +0.23%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.34%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.35%.

US stocks today are mixed, with the S&P 500 posting a 1-1/4 month high and the Dow Jones Industrials posting a new record high.  Stocks have carryover support from last Friday when Fed Chair Powell said "the time has come for policy to adjust" to policy easing.  Also, energy stocks are climbing today, with WTI crude oil up more than +3% at a 1-week high.

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