The S&P 500 Index ($SPX) (SPY) today is down -0.64%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.25%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.09%. December E-mini S&P futures (ESZ25) are down -0.70%, and December E-mini Nasdaq futures (NQZ25) are down -1.15%.
US stock indexes are moving lower today as most of the optimism over the reopening of the US government has already been priced in. Higher T-note yields today are a drag on stocks, with the 10-year T-note yield up +4 bp to 4.11%. Wednesday evening, Boston Fed President Susan Collins said, "It will likely be appropriate to keep policy rates at the current level for some time to balance the inflation and employment risks in this highly uncertain environment." Also, weakness in chipmakers today is a drag on the overall market.
