The S&P 500 Index ($SPX) (SPY) today is up +0.79%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.66%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.04%. December E-mini S&P futures (ESZ25) are up +0.68%, and December E-mini Nasdaq futures (NQZ25) are up +0.89%.
Stock indexes are trading higher after today’s slightly weaker-than-expected US CPI report arguably gave the Fed more latitude to cut interest rates. The Sep CPI report of +0.3% m/m and +3.0% y/y was slightly weaker than market expectations of +0.4% m/m and +3.1% y/y. Also, the Sep core CPI report of +0.3% m/m and +3.1% y/y was slightly weaker than market expectations of +0.2% m/m and +3.1% y/y.
