The S&P 500 Index ($SPX) (SPY) today is up +0.65%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +1.08%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.56%. September E-mini S&P futures (ESU26) are up +0.65%, and September E-mini Nasdaq futures (NQU26) are up +0.60%.
Stock indexes are moving higher today, with the Dow Jones Industrial Average posting a 1-week high after the US and Iran held off attacks on one another for a third straight day, easing geopolitical risks, pushing crude oil prices down sharply, and helping lift global stock and bond markets. On Sunday, Mike Waltz, US ambassador to the United Nations, said the US is giving diplomacy “some space.” Stocks tied to the global buildout of artificial intelligence, from chipmakers to electrical equipment manufacturers, are leading the broader market higher today. The plunge in crude oil prices today has knocked the 10-year T-note yield down -3 bp to 4.65%.
