The S&P 500 Index ($SPX) (SPY) today is down by -0.04%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.20%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -0.32%. September E-mini S&P futures (ESU25) are down -0.03%, and September E-mini Nasdaq futures (NQU25) are down -0.28%.
Stock indexes are mostly lower today as bond yields rise on concerns about the Fed's independence following President Trump's push to fire Fed Governor Lisa Cook. The 10-year T-note yield is up +2 bp to 4.28%. Additionally, weakness in the semiconductor market is weighing on technology stocks and the broader market. Trading activity is thin as the markets await Nvidia's earnings after the close for an update on the artificial intelligence boom.
