The S&P 500 Index ($SPX) (SPY) Wednesday closed down -0.16%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.09%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.20%.
Stocks on Wednesday settled mixed, with the S&P 500 posting a 2-1/2 week low and the Nasdaq 100 posting a 3-week low. Stocks on Wednesday initially recovered from early losses and moved higher after the 10-year T-note yield dropped to a 2-week low, which sparked some short covering in stocks after the US July JOLTS job openings fell more than expected to a 3-1/2 year low. The weak JOLTS report boosted hopes for the Fed to cut interest rates by 50 bp at the Sep 17-18 FOMC meeting.
