The S&P 500 Index ($SPX) (SPY) today is down -0.36%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.57%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.27%. Dec E-mini S&P futures (ESZ24) are down -0.38%, and Dec E-mini Nasdaq futures (NQZ24) are down -0.397%
Stock indexes today are moderately lower, with the Dow Jones Industrials posting a 3-1/2 week low. Higher T-note yields today pressured stocks as the 10-year T-note yield rose to a 3-1/2 week high. Today’s US Nov retail sales report was stronger than expected, showing a resilient economy with strong consumer spending. However, it may also push the Fed to signal fewer interest rate cuts next year when they update their quarterly dot-plot forecasts on Wednesday.
