The S&P 500 Index ($SPX) (SPY) today is up by +0.20%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.37%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.47%. December E-mini S&P futures (ESZ25) are up +0.25%, and December E-mini Nasdaq futures (NQZ25) are up +0.49%.
Stock indexes are climbing today, with the S&P 500 and Nasdaq 100 posting 1-month highs and the Dow Jones Industrials posting a 3-week high. Optimism about the economic outlook and the prospects of Fed rate cuts are fueling a stock rally. Market seasonals are also supportive of stocks, as December is typically a bullish month. Strength in semiconductor stocks is another supportive factor for the broader market. Gains in stocks are limited amid rising bond yields, with the 10-year T-note hitting a 2-week high of 4.12% today.
