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Barchart
Barchart
Rich Asplund

Stocks Supported by Falling Bond Yields and Chip Stock Strength

The S&P 500 Index ($SPX) (SPY) today is up +0.19%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.11%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.20%.  June E-mini S&P futures (ESM25) are up +0.20%, and June E-mini Nasdaq futures (NQM25) are up +0.25%. 

Stock indexes today are mildly higher, with the S&P 500 posting a 3-1/4 month high, the Dow Jones Industrials posting a 2-week high, and the Nasdaq 100 posting a 3-1/2 month high.  Lower bond yields today are supporting gains in stocks, with the 10-year T-note yield falling -7 bp to a 3-1/2 week low of 4.38%.  Also, the strength in chip stocks today is lifting the broader market. 

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