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Barchart
Barchart
Rich Asplund

Stocks See Support from Positive Corporate News and Dovish Fed Comments

The S&P 500 Index ($SPX) (SPY) today is up +0.18, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.20%, and the Nasdaq 100 Index ($IUXX) (QQQ) down -0.02%.

US stocks today are mostly higher, with the S&P 500 and Dow Jones Industrials climbing to 2-week highs.  Positive corporate news is supporting stocks today, with Advanced Micro Devices up more than +1% after acquiring server maker ZT Systems in a deal valued at $4.9 billion.  Also, ZIM Integrated Shipping is up more than +13% after reporting stronger-than-expected Q2 adjusted Ebitda and raising its full-year adjusted Ebitda forecast.

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