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Barchart
Barchart
Rich Asplund

SHOCKING: Stocks see support from dovish fed official comment - What They Never Told You

The S&P 500 Index ($SPX) (SPY) today is up +0.18%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.18%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.17%.  September E-mini S&P futures (ESU25) are up +0.12%, and September E-mini Nasdaq futures (NQU25) are up +0.17%.

Stocks are slightly higher today, with the S&P 500 and the Nasdaq 100 indexes posting new record highs.  Growing confidence in the US economic outlook is supporting equities, and upbeat corporate earnings results are boosting risk-on sentiment in asset markets.  Today’s economic news showed that US June housing starts and building permits climbed more than expected, a positive factor for economic growth.

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