The S&P 500 Index ($SPX) (SPY) on Wednesday closed up by +0.51%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down by -0.05%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.79%. September E-mini S&P futures (ESU25) rose +0.56%, and September E-mini Nasdaq futures (NQU25) rose +0.79%.
Stock indexes mainly settled higher on Wednesday. The broader market was supported by lower T-note yields and increased chances of a Fed rate cut later this month. T-note yields fell after the July JOLTS job openings fell more than expected to a 10-month low. The 10-year T-note yield on Wednesday fell -6 bp to 4.21%.
