The S&P 500 Index ($SPX) (SPY) today is up +0.10%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.28%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.20%. December E-mini S&P futures (ESZ25) are up +0.12%, and December E-mini Nasdaq futures (NQZ25) are down -0.18%.
Stock indexes are mixed today. The broader market garnered support from today's reports on consumer spending and core PCE inflation. Today's report on Aug personal spending rose more than expected at the strongest pace in five months. Also, today's report on the Aug core PCE price index, the Fed's preferred gauge of inflation, came in right on expectations, which could allow the Fed to continue lowering interest rates. However, stocks fell back from their best levels and turned mixed after US consumer sentiment unexpectedly fell to a 4-month low.
