The S&P 500 Index ($SPX) (SPY) today is down -0.91%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.92%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.89%. March E-mini S&P futures (ESH25) are down by -0.87%, and March E-mini Nasdaq futures (NQH25) are down by -0.80%.
Stock indexes are sinking today, with the S&P 500 and Dow Jones Industrials falling to 1-week lows. Stocks are being hammered today as bond yields surged after US Jan consumer prices rose more than expected. The stronger-than-expected Jan CPI report dampens the outlook for the Fed to cut interest rates and bolsters expectations for the Fed to keep rates on hold for the foreseeable future.
