The S&P 500 Index ($SPX) (SPY) today is down -0.14%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.38%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.17%.
Stocks this morning are moderately lower, with the S&P 500 falling to a 3-1/2 month low, the Dow Jones Industrials posting a 2-1/2 month low, and the Nasdaq 100 dropping to a 5-week low. Stocks are falling today on speculation global central banks will keep interest rates higher for longer to combat inflation. European stocks are under pressure after the 10-year German bund yield jumped to a 12-year high today of 2.812%, and the 10-year T-note yield rose to a new 16-year high of 4.531%. The stock market is also concerned about a possible U.S. government shutdown this Sunday when the fiscal year begins on Oct 1.
