The S&P 500 Index ($SPX) (SPY) this morning is up +0.55%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.26%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.70%.
Stock indexes this morning are moderately higher on optimism in the US economy after a stronger-than-expected US payrolls report shows the economy continues to power ahead despite the outlook for higher for longer interest rates. An easing of wage pressures is also supportive for stocks after US March average hourly earnings eased to +4.1% y/y, the smallest pace of increase in 2-3/4 years.
