The S&P 500 Index ($SPX) (SPY) today is down -0.12%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.30%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.16%.
Stock indexes today are mildly lower. The broader market is under pressure from higher bond yields after hawkish comments from Fed Governor Bowman dampened expectations for Fed rate cuts this year. Bond yields rose after Fed Governor Bowman said that inflation would remain inflated for some time, so it is not yet appropriate for the Fed to cut interest rates.
