The S&P 500 Index ($SPX) (SPY) today is up +0.32%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.62%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.11%.
Stocks today are mostly higher, with the S&P 500 and the Dow Jones Industrials posting new all-time highs. Stocks have rallied sharply this week on speculation President-elect Trump will boost corporate profits through tax cuts and reduced regulation. Also, bond yields are moving lower today and supporting stocks on carryover support from Thursday when the FOMC cut the federal funds rate target by 25 bp. In addition, Axon Enterprise is up more than +16% after raising its full-year revenue outlook, and Expedia Group is up more than +7% after reporting Q3 adjusted EPS above consensus.
