Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Stocks Turn Mixed as Software Stocks Slide

The S&P 500 Index ($SPX) (SPY) today is down -0.02%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.19%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.10%.  March E-mini S&P futures (ESH26) are down -0.08%, and March E-mini Nasdaq futures (NQH26) are up +0.13%.

Stock indexes gave up an early advance today and turned mixed, led by a selloff in software companies.  Also, today’s stronger-than-expected US Jan payrolls report pushed bond yields higher and dampened expectations for additional Fed interest rate cuts, weighing on stocks.  The 10-year T-note yield is up +3 bp to 4.17%, and the chance of a Fed rate cut at next month’s FOMC meeting fell to 8% from 23% before today’s payroll report. 

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.