The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +0.38%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.10%. September E-mini S&P futures (ESU26) rose +0.35%, and September E-mini Nasdaq futures (NQU26) rose +1.05%.
Stock indexes settled higher on Tuesday as bond yields fell on a better-than-expected US June CPI report. The 10-year T-note yield fell -4 bp to 4.58%. Also, upbeat comments from Fed Chair Warsh were supportive of stocks when he said the US economy is resilient, growing at a solid pace, and that the labor market is broadly stable.
