The S&P 500 Index ($SPX) (SPY) today is up +0.16%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.03%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.52%. March E-mini S&P futures (ESH25) are up by +0.13%, and March E-mini Nasdaq futures (NQH25) are up by +0.34%.
Stock indexes are climbing, and bond yields declined as today’s Jan PPI report bodes well for the inflation outlook and the upcoming PCE deflator report. Stocks and bonds found support as several components of the PPI report that feed into the Fed’s preferred inflation measure, the personal consumption expenditures price index (PCE), were more favorable in January as healthcare items and airfares declined.
