The S&P 500 Index ($SPX) (SPY) is up by +0.37% today, the Dow Jones Industrial Average ($DOWI) (DIA) is up by +0.34%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.18%. E-mini S&P futures (ESU26) are up +0.40%, and September E-mini Nasdaq futures (NQU26) are up +0.20%.
Stock indices are moving higher today, with the S&P 500 and Nasdaq 100 posting 1.5-week highs, and the Dow Jones Industrials rising to a 2-week high. Stocks found support today on comments from Fed Chair Warsh, who said he's impressed by the economy, which appears to have strengthened, and vowed to get inflation back down to the Fed’s 2% target. Today’s upward revision to the University of Michigan’s US Aug consumer sentiment index is also bullish for stocks.
