The S&P 500 Index ($SPX) (SPY) is up by +0.16% today, the Dow Jones Industrial Average ($DOWI) (DIA) is up by +0.12%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.51%. E-mini S&P futures (ESU26) are up +0.15%, and September E-mini Nasdaq futures (NQU26) are up +0.45%.
Stock indices are climbing today, supported by weakness in crude oil prices, which is pushing bond yields lower. WTI crude oil is down more than -3% today, easing inflation expectations and knocking the 10-year T-note yield down by -5 bp to 4.65%. Crude prices tumbled today on a news report that the US would be returning diplomats to Middle East embassies, easing concerns about an escalation of the Iran war. Chipmakers and AI-infrastructure stocks are also moving higher today, rebounding from recent weakness. Short covering has emerged in chipmakers ahead of Nvidia's quarterly earnings results after the close on Wednesday.
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Stock indices are climbing today, supported by weakness in crude oil prices, which is pushing bond yields lower. WTI crude oil is down more than -3% today, easing inflation expectations and knocking the 10-year T-note yield down by -5 bp to 4.65%. Crude prices tumbled today on a news report that the US would be returning diplomats to Middle East embassies, easing concerns about an escalation of the Iran war. Chipmakers and AI-infrastructure stocks are also moving higher today, rebounding from recent weakness. Short covering has emerged in chipmakers ahead of Nvidia's quarterly earnings results after the close on Wednesday.
IonQ vs. Rigetti: The Better Quantum Computing Stock for Long-Term Investors
QQQ is Still in a Negative Gamma Regime. Here's How a 'Put Wall' and Fibonacci Support Could Come Into Play.
IBM Just Hit a New Quantum Computing Milestone. How to Play IBM Stock Now.
#Stock
2 months ago
