The S&P 500 Index ($SPX) (SPY) today is up +1.22%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.91%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.67%. December E-mini S&P futures (ESZ25) are up +1.22%, and December E-mini Nasdaq futures (NQZ25) are up +1.76%.
Stock indexes are sharply higher today as they recover some of the losses from last Friday's plunge. Asset markets are rebounding today after the Trump administration softened its rhetoric toward China. There is no trading in cash Treasuries today due to the Columbus Day holiday. The price of gold is up more than +2% today and has posted a new all-time high due to central bank buying, expectations for additional Fed rate cuts, and safe-haven demand from the US government shutdown, threats to the Fed's independence, global trade tensions, and geopolitical risks.
