The S&P 500 Index ($SPX) (SPY) today is down -0.13%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.29%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.07%.
Stock indexes today are slightly lower as they consolidate the past week’s rally to record highs. Higher bond yields today sparked some profit-taking and long liquidation pressures in stocks following five straight sessions of gains. Stocks have rallied sharply over the past week, with the S&P 500, Dow Jones Industrials, and the Nasdaq 100 posting new record highs on speculation President-elect Trump will boost corporate profits through tax cuts and reduced regulation.
