The S&P 500 Index ($SPX) (SPY) Wednesday closed up +0.61%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.49%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.72%. September E-mini S&P futures (ESU25) are up +0.57%, and September E-mini Nasdaq futures (NQU25) are up +0.66%.
Stocks moved higher on Wednesday, with the Nasdaq 100 reaching a new all-time high. Strength in the Magnificent Seven technology stocks supported gains in the overall market. President Trump on Wednesday unveiled new tariffs on numerous countries, which did little to curb the bullish enthusiasm for stocks. Lower bond yields were also positive for stocks, with the 10-year T-note yield falling -6 bp to 4.34%.
