The S&P 500 Index ($SPX) (SPY) today is up +0.65%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.22%.
Stocks today are moderately higher, with the S&P 500, the Dow Jones Industrials, and the Nasdaq 100 posting new all-time highs. Stocks today added to their post-election gains on speculation President-elect Trump will boost corporate profits through his pro-growth policies. The strength of chip stocks is also boosting the overall market, led by a +5% jump in ARM Holdings Plc after it reported Q2 earnings and revenue above consensus. Today’s US economic news was mixed. Weekly jobless claims rose less than expected, but Q1 nonfarm productivity rose less than expected, and Q1 unit labor costs rose more than expected.
