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Barchart
Barchart
Rich Asplund

Stocks Pressured by Signs of Resurgent Inflation

The S&P 500 Index ($SPX) (SPY) today is down -0.19%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.47%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.05%.  June E-mini S&P futures (ESM26) are down -0.20%, and June E-mini Nasdaq futures (NQM26) are up +0.04%.

Stock indexes are mixed today.  The Nasdaq 100 is moving higher amid a rebound in technology stocks.  Gains in processor and memory chipmakers, the key drivers of the recent rally in the artificial intelligence trade, are leading stock gainers today.  Nvidia is up more than +2% after co-founder Jensen Huang joined President Trump on his visit to China, bolstering optimism that this week’s summit between Mr. Trump and China’s Xi Jinping could lead to a series of trade deals, especially around semiconductors. 

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