The S&P 500 Index ($SPX) (SPY) today is down -0.73%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.31%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.22%. March E-mini S&P futures (ESH25) are down -0.71%, and March E-mini Nasdaq futures (NQH25) are down -1.21%.
Stocks today are moderately lower, weighed down by higher bond yields as the 10-year T-note yield is up +1.0 bp at 4.593%, modestly below Thursday’s 7-month high. Weakness in megacap technology stocks today is also pressuring the overall market. On the positive side, energy stocks are climbing today with the price of WTI crude oil up more than +1%.
