The S&P 500 Index ($SPX) (SPY) on Wednesday closed down -0.10%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.57%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.21%. September E-mini S&P futures (ESU25) fell -0.09%, and September E-mini Nasdaq futures (NQU25) fell -0.14%.
Stock indexes settled mixed on Wednesday, with the Dow Jones Industrials climbing to a new all-time high. The broader market gave up an early advance and turned lower Wednesday afternoon when bond yields rose on hawkish comments from Fed Chair Powell, who highlighted the risk of persistent inflation and signaled less support for deeper easing of Fed policy. After initially falling to a 5.25-month low of 3.99% on Wednesday, the 10-year T-note yield finished up +4 bp at 4.07%.
