The S&P 500 Index ($SPX) (SPY) on Wednesday closed up by +0.30%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.86%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.20%. December E-mini S&P futures (ESZ25) rose +0.33%, and December E-mini Nasdaq futures (NQZ25) rose +0.18%.
Stock indexes shook off early losses and settled higher on Wednesday, with the S&P 500 and Nasdaq 100 posting 3-week highs and the Dow Jones Industrials posting a 2.5-week high. Wednesday’s softer-than-expected Nov ADP employment report knocked bond yields lower and bolstered expectations that the Fed will lower interest rates at next week’s FOMC meeting. The 10-year T-note yield fell -3 bp to 4.06%.
