The S&P 500 Index ($SPX) (SPY) today is up +0.23%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.12%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.18%. March E-mini S&P futures (ESH26) are up +0.24%, and March E-mini Nasdaq futures (NQH26) are up +0.17%.
Stock indexes are trading slightly higher on reinforced confidence about US economic fundamentals after the stronger-than-expected US Q3 GDP report of +4.3%, although most of today’s other economic reports were weaker-than-expected. In any case, stocks were undercut as the odds for a Fed rate cut at the next meeting on Jan 27-28 dropped to 13% from 20%. Also, the 10-year T-note yield is slightly higher.
