The S&P 500 Index ($SPX) (SPY) today is up +0.43%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.34%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.65%. June E-mini S&P futures (ESM25) are up +0.34%, and June E-mini Nasdaq futures (NQM25) are up +0.45%.
Stock indexes today are mostly higher, led by strength in bank stocks on better-than-expected Q1 quarterly earnings results. Stock indexes also garnered support today on easing price pressures after US Mar producer prices rose less than expected. However, weakness in US chip manufacturers is limiting gains in the overall market after the China Semiconductor Association said that chip tariffs will be based on where they are manufactured, not where they’re shipped from.
