The S&P 500 Index ($SPX) (SPY) today is up +0.22%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.39%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.21%.
Stock indexes today recovered from early losses and pushed higher, with the S&P 500 and Nasdaq 100 posting new record highs and the Dow Jones Industrials posting a 2-week high. Stocks rebounded today despite initially retreating on the stronger-than-expected US May nonfarm payroll report as the solid jobs report downplays concerns about an economic slowdown that could hurt corporate profits. Also, today’s payroll report shows a resilient US labor market that should underpin consumer spending and keep the economy growing.
