The S&P 500 Index ($SPX) (SPY) today is up +0.28%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.06%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.25%. June E-mini S&P futures (ESM25) are up +0.23%, and June E-mini Nasdaq futures (NQM25) are up +0.24%.
Stock indexes today shook off early losses and turned higher as the US jobless claim and PPI reports were Fed-friendly, which knocked bond yields lower and boosted the prospects for Fed rate cuts. The 10-year T-note yield is down -4 bp to 4.38%. Also, chip makers turned higher today, lifting technology stocks and boosting the broader market.
