The S&P 500 Index ($SPX) (SPY) today is up +0.02%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.08%. September E-mini S&P futures (ESU25) are down -0.08%, and September E-mini Nasdaq futures (NQU25) are down -0.07%.
Stock indexes today fell back from early gains and turned mixed after the preliminary revision to US payrolls in the year through March showed the number of jobs was fewer than previously stated. Stocks remain underpinned by the prospect of a more accommodative Federal Reserve, as the markets have fully priced in a 25 bp rate cut by the Fed at next week’s FOMC meeting and priced in a 10% chance for a 50 bp rate cut.
