Stocks Rally and Bond Yields Fall on Fed Rate Cut Hopes
The S&P 500 Index (DOWI) (DIA) is up +1.21%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.47%. September E-mini S&P futures (ESU25) are up +0.64%, and September E-mini Nasdaq futures (NQU25) are up +0.50%. Stock indexes are rallying today, with the S&P 500, the Dow Jones Industrials, and the Nasdaq 100 all posting new all-time highs. Stocks are supported after today’s as-expected Aug CPI report, and an unexpected surge in weekly jobless ...