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Barchart
Barchart
Rich Asplund

Stocks Slightly Lower on Mixed Economic News and Higher Bond Yields

The S&P 500 Index ($SPX) (SPY) today is down -0.02%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.26%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.13%.  March E-mini S&P futures (ESH25) are down -0.05%, and March E-mini Nasdaq futures (NQH25) are down -0.01%. 

Stocks today are slightly lower on mixed economic news and higher bond yields.  Stocks have some carryover support from Wednesday when the US December consumer price report showed an unexpected easing of core inflation.  The slowdown in consumer prices bolstered speculation that the Fed will still be able to cut interest rates this year.

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