The S&P 500 Index ($SPX) (SPY) is up by +0.49% today, the Dow Jones Industrial Average ($DOWI) (DIA) is up by +0.76%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.54%. E-mini S&P futures (ESU26) are up +0.50%, and September E-mini Nasdaq futures (NQU26) are up +0.60%.
Stocks are climbing today as dovish comments from Fed Governor Waller knocked bond yields lower and reduced the chance of a Fed rate hike later this month. The 10-year T-note yield is down -3 bp to 4.76% after Mr. Waller said underlying inflation is better than core numbers suggest and he will support keeping interest rates steady if next week's inflation news shows "continued progress toward our 2% goal." Mr. Waller's comments reduced the chance of a Fed rate hike at the Sep 15-16 FOMC meeting to 50% from 65% before he spoke.
Nvidia CEO Jensen Huang Says His $3.5 Billion MediaTek Deal Is 'Not Circular' Because 'They Do Their Own Business'
Strategy's Strategy Appears to Have Failed, and the Outlook of MSTR Stock Is Unfavorable
A Potential ****** eX Deal Could Meaningfully Accelerate Growth for Technip Stock
#NASDAQ
Stocks are climbing today as dovish comments from Fed Governor Waller knocked bond yields lower and reduced the chance of a Fed rate hike later this month. The 10-year T-note yield is down -3 bp to 4.76% after Mr. Waller said underlying inflation is better than core numbers suggest and he will support keeping interest rates steady if next week's inflation news shows "continued progress toward our 2% goal." Mr. Waller's comments reduced the chance of a Fed rate hike at the Sep 15-16 FOMC meeting to 50% from 65% before he spoke.
Nvidia CEO Jensen Huang Says His $3.5 Billion MediaTek Deal Is 'Not Circular' Because 'They Do Their Own Business'
Strategy's Strategy Appears to Have Failed, and the Outlook of MSTR Stock Is Unfavorable
A Potential ****** eX Deal Could Meaningfully Accelerate Growth for Technip Stock
#NASDAQ
2 months ago
