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Barchart
Barchart
Rich Asplund

Stocks Post Modest Gains as Bond Yields Fall and Chip Stocks Rally

The S&P 500 Index ($SPX) (SPY) Wednesday closed up +0.01%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.22%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.27%.  June E-mini S&P futures (ESM25) are down -0.02%, and June E-mini Nasdaq futures (NQM25) are up +0.27%. 

Stock indexes on Wednesday settled mixed, with the S&P 500 posting a 3-1/4 month high and the Nasdaq 100 posting a 3-1/2 month high. Lower bond yields Wednesday supported stocks, with the 10-year T-note yield falling -9 bp to a 3-1/2 week low of 4.36%.  Also, strength in chip stocks on Wednesday lifted the broader market. 

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