The S&P 500 Index ($SPX) (SPY) is up by +0.16% today, the Dow Jones Industrial Average ($DOWI) (DIA) is down by -0.51%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.37%. December E-mini S&P futures (ESZ26) are up +0.14%, and December E-mini Nasdaq futures (NQZ26) are up +0.37%.
Stock indexes are mixed today. M&A activity is supportive of stocks today after Schneider Electric agreed to buy PTC Inc. for $22.6 billion, and C.H. Robinson Worldwide agreed to purchase RXO for $5.8 billion. Also, today’s -1% decline in WTI crude oil has lowered inflation expectations and improved market sentiment, boosting stocks. Today’s -2% decline in Nike is weighing on the Dow Jones Industrials after S&P Global Ratings downgraded the company’s long-term debt rating to A from A+.
