The S&P 500 Index ($SPX) (SPY) today is down -0.22%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.27%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.07%. June E-mini S&P futures (ESM25) are up +0.17%, and June E-mini Nasdaq futures (NQM25) are up +0.21%.
Stock indexes today are little changed, and have wavered between modest gains and slim declines after a week defined by violent headline-driven price swings. Early gains were led by strength in bank stocks on better-than-expected Q1 quarterly earnings results. Stock indexes also garnered support today on easing price pressures after US March producer prices rose less than expected. However, weakness in US chip manufacturers is limiting gains in the overall market after the China Semiconductor Association said that chip tariffs will be based on where they are manufactured, not where they’re shipped from.
