The S&P 500 Index ($SPX) (SPY) today is up +0.11%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.57%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.18%. June E-mini S&P futures (ESM26) are up +0.09%, and June E-mini Nasdaq futures (NQM26) are down -0.14%.
Stock indexes are mixed today, with the Dow Jones Industrials posting a new all-time high. Stocks are supported as crude oil prices dropped another -3% today to a 3.25-month low, easing inflation expectations and supporting stocks and bonds. Stocks have carryover support from Monday’s surge after the US and Iran agreed to end their war and reopen the Strait of Hormuz, stoking risk-on sentiment in asset markets. The 10-year T-note yield is down -2 bp to 4.45%.
