T-Bond Futures Market News and Commentary
What you need to know…
The S&P 500 Index ($SPX) (SPY) this morning is up +0.48%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.28%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.82%.
U.S. stock indexes today are moderately higher, with the S&P 500 and Dow Jones Industrials at new all-time highs and the Nasdaq 100 at a 1-1/2 month high. Strength in technology stocks is boosting the overall market today along with strong Q3 corporate earnings results. In addition, better-than-expected U.S. economic data today on Sep new home sales and Oct consumer confidence is giving stocks a lift.
Today’s U.S economic data was mostly bullish for stocks. U.S. Sep new home sales jumped +14.0% m/m to a 6-month high of 800,000, stronger than expectations of 756,000. Also, the Conference Board U.S. Oct consumer confidence index unexpectedly rose +4.0 to 113.8, stronger than expectations of a decline to 108.0. In addition, the Oct Richmond Fed manufacturing survey rose +... Read more