The S&P 500 Index ($SPX) (SPY) today is up +0.29%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.28%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.73%. June E-mini S&P futures (ESM25) are down -0.18%, and June E-mini Nasdaq futures (NQM25) are down -0.03%.
Stock indexes today are mostly higher. Strength in megacap technology stocks and chip makers is boosting the broader maker after Texas Instruments, and Lam Research reported better-than-expected earnings results. Signs of a stable US labor market are also supporting stocks after weekly initial unemployment claims rose as expected, and weekly continuing claims fell to a 10-week low. In addition, lower T-note yields are positive for stocks, with the 10-year T-note yield down -5.1 bp to 4.330% after Cleveland Fed President Hammack said the Fed could cut rates in June if it has clear, convincing data.
