The S&P 500 Index ($SPX) (SPY) today is up +0.39%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.41%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.54%. June E-mini S&P futures (ESM25) are up +0.86%, and June E-mini Nasdaq futures (NQM25) are up +1.04%.
Stock indexes today have wavered between relatively mild gains and losses after a week marked by extreme volatility, both higher and lower. Headlines have provided little in the way of direction, after US consumer sentiment again plunged and price expectations soared. The University of Michigan US Apr consumer sentiment index fell more than expected to a 2-3/4 year low, and the University of Michigan US Apr 1-year inflation expectations jumped to the highest since 1981 on growing tariff concerns. Also, US chip manufacturers are slumping today after the China Semiconductor Association said that chip tariffs will be based on where they are manufactured, not where they're shipped from.
