The S&P 500 Index ($SPX) (SPY) today is down by -0.15%, the Dow Jones Industrials Index ($DOWI) (DIA) is down by -0.49%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.03%. September E-mini S&P futures (ESU25) are down -0.13%, and September E-mini Nasdaq futures (NQU25) are up +0.05%.
Stock indexes are mixed today, giving back some of last Friday’s sharp rally. Concerns about tariffs and their impact on inflation and corporate profits are weighing on stocks. Also, higher bond yields are negative for stocks, with the 10-year T-note yield up +4 bp to 4.29%. Stock indexes recovered from their worst levels and are trading mixed due to strength in the Magnificent Seven technology stocks.
