The S&P 500 Index ($SPX) (SPY) today is down -0.28%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.23%.
Stock indexes today are mildly lower. Higher bond yields today are pressuring stocks, with the 10-year T-note yield climbing to a 1-week high on negative carryover from last Friday’s May payroll report that showed May nonfarm payrolls rose more than expected and that May average hourly earnings unexpectedly accelerated, hawkish factors for Fed policy.
