The S&P 500 Index ($SPX) (SPY) today is down -0.18%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.16%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.41%.
Stock indexes today are posting moderate losses, with the Dow Jones industrials falling to a 1-1/2 week low. Rising bond yields are weighing on stocks today after the 10-year T-note yield climbed to a 2-week high. Losses in stock index futures deepened on signs of stagflation after US weekly jobless claims unexpectedly rose to an 8-week high, and Nov producer prices rose more than expected at the fastest pace in 1-3/4 years. Also, weakness in chips stocks is weighing on the overall market.
