The S&P 500 Index ($SPX) (SPY) today is up +0.25%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.17%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.11%.
US stocks today are slightly higher, recovering some of Monday’s sharp losses. A sharp rebound in Japanese stocks today provided carryover support to US stocks. Japan’s Nikkei Stock Index surged more than +10% today as a weaker yen sparked a rally in Japanese exporters after the Bank of Japan (BOJ) said it was holding a three-way meeting with the Ministry of Finance and the Financial Services Agency met in Tokyo to discuss international markets. The Nikkei Stock Index plunged by more than -12% on Monday after a rally in the yen to a 7-month high against the dollar caused a further unwinding of the yen carry trade.
