The S&P 500 Index ($SPX) (SPY) today is up +0.23%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.02%, and the Nasdaq ($IUXX) (QQQ) is up +0.26%.
Stocks are mixed, with the S&P 500 earlier in the day falling to a 3-1/2 month low, the Dow Jones Industrials posting a 2-1/2 month low, and the Nasdaq 100 dropping to a 5-week low. There is speculation global central banks will keep interest rates higher for longer to combat inflation. European stocks are under pressure after the 10-year German bund yield jumped to a 12-year high today of 2.812%, and the 10-year T-note yield rose to a new 16-year high of 4.531%. The stock market is also concerned about a possible U.S. government shutdown this Sunday when the fiscal year begins on Oct 1.
