The S&P 500 Index ($SPX) (SPY) today is down -0.40%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.15%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.47%. December E-mini S&P futures (ESZ25) are down -0.45%, and December E-mini Nasdaq futures (NQZ25) are down -0.52%.
Stock indexes are under pressure today, with the S&P 500, the Dow Jones Industrials, and the Nasdaq 100 falling to 1-week lows. Stocks are sliding for the third consecutive session as rising bond yields undercut stock prices. Signs that the US economy is stronger than expected are pushing T-note yields higher today, following the release of better-than-expected US GDP, jobless claims, and core capital goods orders reports. The 10-year T-note yield today posted a 3-week high and is up +3 bp.
