The S&P 500 Index ($SPX) (SPY) today is up +0.11%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.24%. September E-mini S&P futures (ESU25) are up +0.12%, and September E-mini Nasdaq futures (NQU25) are up +0.29%.
Stock indexes are climbing today on signs of resilience in the US economy. The labor market remains healthy after the July ADP employment change rose more than expected and posted its largest increase in four months. Also, economic activity rebounded after Q2 GDP expanded more than expected. Gains in stocks are limited as the markets are awaiting the result of today’s FOMC meeting and post-meeting comments from Fed Chair Powell. Also, Microsoft and Meta Platforms are set to release their earnings after today’s close.
