The S&P 500 Index ($SPX) (SPY) is down by -0.11% today, the Dow Jones Industrial Average ($DOWI) (DIA) is down by -0.50%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.24%. December E-mini S&P futures (ESZ26) are down -0.18%, and December E-mini Nasdaq futures (NQZ26) are up +0.19%.
Stock indexes gave up an early advance today and are trading mixed as bond yields rise. Stocks are supported today by a decline in crude oil prices, which eases inflation concerns. Crude prices are under pressure today on signs that a steady flow of crude oil is coming out of the Persian Gulf through the Strait of Hormuz, easing supply concerns and inflation risks. Strength in chipmakers today is also a positive factor for the overall market.
