The S&P 500 Index ($SPX) (SPY) is down -0.25%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.15%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.13%.
Stocks faded from early gains and are currently trading mildly lower on today's bearish PPI and retail sales reports. The reports suggested a stagflation outlook due to the stronger-than-expected PPI report and weaker-than-expected retail sales report. Stocks are also being undercut by today's sharp +10 bp rise in the 10-year T-note yield.
