The S&P 500 Index ($SPX) (SPY) today is up +3.14%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +2.57%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +3.74%. June E-mini S&P futures (ESM25) are up +3.08%, and June E-mini Nasdaq futures (NQM25) are up +3.63%.
Stock indexes today are sharply higher for the second session, with the S&P 500 posting a 2-week high and the Nasdaq 100 posting a 1-week high. Stocks are rallying today after President Trump said late Tuesday that he has no intention of firing Fed Chair Powell, boosting confidence in the dollar and reducing the prospects that foreign investors will liquidate their dollar holdings, including stocks and Treasuries. Also, there were some hopes for better US-Chinese trade relations after President Trump said he plans to be “very nice” to China in any talks and that tariffs will drop if the two countries can reach a trade deal.
