The S&P 500 Index ($SPX) (SPY) today is down -0.06%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.34%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.08%. September E-mini S&P futures (ESU25) are down -0.05%, and September E-mini Nasdaq futures (NQU25) are up +0.09%.
Stock indexes today are mixed, with the Nasdaq 100 posting a new all-time high. Dovish Fed comments have pushed T-note yields lower, with the 10-year T-note yield down -2 bp to 4.26% after Fed Governor Michelle Bowman said she supports an interest rate cut at the September FOMC meeting and that she favors three interest rate cuts this year. However, stocks fell back from their best levels on position squaring and long liquidation ahead of this week's US inflation reports on July CPI and PPI.
