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Barchart
Barchart
Rich Asplund

FORGOTTEN HISTORY: Stocks slightly higher on the outlook for additional fed easing - The Untold Story

The S&P 500 Index ($SPX) (SPY) today is up by +0.18%, the Dow Jones Industrials Index ($DOWI) (DIA) is down by -0.03%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.31%.

Stocks today are mostly higher as the markets look to fresh signs on the scope of further Fed easing after Minneapolis Fed President Kashkari said today that he supports another 50 bp of rate cuts this year.  Also, positive corporate news is boosting stocks, with Intel up more than +3% after Bloomberg reported that Apollo Global Management offered to make a multibillion-dollar investment in the company. 

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