The S&P 500 Index ($SPX) (SPY) is up +0.28%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.39%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.49%. March E-mini S&P futures (ESH26) are up +0.40%, and March E-mini Nasdaq futures (NQH26) are up +0.58%.
Stocks are trading higher today on the -11% plunge in oil prices, which is positive for the US economy and dovish for Fed policy. Oil prices are sharply lower on President Trump’s insistence that the Iran war will be over very soon, and as plans are being laid for a coordinated G-7 release of oil stockpiles.
