The S&P 500 Index ($SPX) (SPY) this morning is up +0.51%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.39%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.75%.
US stock indexes this morning are climbing on positive carryover from Wednesday when Fed Chair Powell said it’s unlikely the Fed’s next move would be to raise interest rates. Stock indexes maintained their advance even after weekly jobless claims rose less than expected, and Q1 unit labor costs rose more than expected as productivity slowed, hawkish factors for Fed policy. Stocks are awaiting earnings results from Apple after today’s close.
