The S&P 500 Index ($SPX) (SPY) this morning is up +0.12%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.38%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.67%.
Stock indexes this morning are mixed, with the S&P 500 posting a record high and the Nasdaq 100 posting a 1-week high. The broader market is climbing in hopes that last Friday’s dovish Feb core PCE price deflator report. Stocks also found support on last Friday’s Feb personal spending report, which was stronger than expected, bolstering the case for an economic soft landing. Stocks are being undercut by today’s climb in the 10-year T-note yield to a 1-1/2 week high.
