The S&P 500 Index ($SPX) (SPY) today is up by +0.86%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.38%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +1.53%.
Stocks today are moderately higher, with the Nasdaq 100 posting a 3-1/4 month high. A decline in T-note yields is supportive of stocks. Also, some positive earnings results are giving the overall market a boost. Western Digital is up more than +9%, leading chip stocks higher after reporting stronger-than-expected Q1 adjusted EPS. Also, Centene is up more than +10% after reporting Q3 revenue well above the consensus and raising its full-year revenue forecast. In addition, Booz Allen Hamilton is up more than +12% after reporting better-than-expected Q2 adjusted EPS and raising its full-year adjusted EPS estimate.
