The S&P 500 Index ($SPX) (SPY) today is up +0.08%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.73%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.18%. June E-mini S&P futures (ESM26) are up +0.11%, and June E-mini Nasdaq futures (NQM26) are down -0.10%.
Stock indexes are mixed today. Better-than-expected earnings results from Alphabet and Qualcomm are supporting gains in the broader market. Alphabet is up more than +5% after reporting Q1 revenue ex-TAC of $94.57 billion, above the consensus of $91.57 billion. Qualcomm is up more than +6% after reporting stronger-than-expected Q2 adjusted revenue. In addition, lower crude oil prices have lowered inflation expectations and bond yields, both of which are supportive of stocks. The 10-year T-note yield is down -4 bp at 4.39%.
