The S&P 500 Index ($SPX) (SPY) today is down -0.02%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.24%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.17%. September E-mini S&P futures (ESU26) are down -0.02%, and September E-mini Nasdaq futures (NQU26) are up +0.05%.
Stocks gave up an early advance today and are trading mixed after better-than-expected US economic news and hawkish Fed comments pushed bond yields higher. The 10-year T-note yield jumped to a 1.5-year high of 4.74% today. Also, today’s -9% plunge in Apple is weighing on technology stocks after reporting disappointing service revenue and revenue from China. It also gave a weaker-than-expected revenue forecast.
