The S&P 500 Index ($SPX) (SPY) today is up +0.03%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.06%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.10%. June E-mini S&P futures (ESM25) are up +0.07%, and June E-mini Nasdaq futures (NQM25) are up +0.14%.
Stock indexes are slightly higher due to lower bond yields, with the 10-year T-note yield down -2 bp to 4.42%. Gains in stocks are muted after the OECD cut its 2025 global GDP forecast for the second time this year, citing trade barriers and uncertainty that are weighing on economic confidence. Also, the heightened trade tensions between the US and China continue to weigh on stock prices after China’s Ministry of Commerce on Monday accused the US of unilaterally introducing new discriminatory restrictions.
