The S&P 500 Index ($SPX) (SPY) today is up +0.63%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.60%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.65%. September E-mini S&P futures (ESU25) are up +0.46%, and September E-mini Nasdaq futures (NQU25) are up +0.51%.
Stocks are seeing support from today's stronger-than-expected US unemployment report, which raised hopes for continued firm US economic growth. However, stocks were undercut as the 10-year T-note rose by +6 bp to 4.33% on the unemployment report, and as the chances for a Fed rate cut at the next meeting on July 29-30 fell to 6% from 23% on Wednesday.
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