The S&P 500 Index ($SPX) (SPY) today is up +0.18%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.61%.
Stock indexes today are mostly higher, with the S&P 500 and Nasdaq 100 climbing to new record highs. Stocks found support today after the US June payroll report bolstered the outlook for the Fed to cut interest rates this year. Jun nonfarm payrolls rose more than expected by +16,000, but May payrolls were revised lower by -54,000. T-note yields tumbled after the US Jun unemployment rate unexpectedly rose to a 2-1/2 year high, and Jun average hourly earnings posted their slowest annual pace of increase in 3 years.
