The S&P 500 Index ($SPX) (SPY) is down by -0.42% today, the Dow Jones Industrial Average ($DOWI) (DIA) is down by -0.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.70%. December E-mini S&P futures (ESZ26) are down -0.61%, and December E-mini Nasdaq futures (NQZ26) are down -0.81%.
Stock indexes are falling today, with the Nasdaq 100 sliding to a 2-week low, as bond yields rise after US September consumer prices rose more than expected, reinforcing speculation that the Fed will keep interest rates higher for longer amid sticky price pressures. The 10-year T-note yield is up +9 bp to 5.30%, and the chance for a 25 bp rate hike by the Fed at this month’s FOMC meeting rose to 54% from 22% before the CPI report.
