The S&P 500 Index ($SPX) (SPY) today is down -0.08%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.15%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.05%. September E-mini S&P futures (ESU25) are down -0.07%, and September E-mini Nasdaq futures (NQU25) are up +0.05%.
Stock indexes are mixed today, with the Nasdaq 100 posting a new all-time high. The broader market is under pressure as higher bond yields prompt some long liquidation pressures in stocks. The 10-year T-note yield is up +5 bp to 4.05%. Bond yields are climbing as today's +1% rally in WTI crude oil has pushed up inflation expectations. Crude prices jumped after Bloomberg reported that the US is proposing that the Group of Seven allies impose tariffs as high as 100% on China and India for their purchases of Russian oil in an effort to convince Russia to end its war in Ukraine.
