The S&P 500 Index ($SPX) (SPY) Tuesday closed up +0.58%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.75%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.61%. June E-mini S&P futures (ESM25) are up +0.60%, and June E-mini Nasdaq futures (NQM25) are up +0.56%.
Stock indexes rallied on Tuesday, with the S&P 500 and Nasdaq 100 posting 3-1/2 week highs and the Dow Jones Industrials posting a 2-week high. Stocks erased early losses on Tuesday and pushed higher after the weaker-than-expected US job openings and consumer confidence reports knocked the 10-year T-note yield down to a 3-week low and bolstered the chances the Fed will cut interest rates.
