Stocks Little Changed as Fed Rate-Cut Odds Drop after Strong US GDP Report

The S&P 500 Index ( $SPX) (SPY) today is up +0.06%, the Dow Jones Industrials Index ($ DOWI) (DIA) is down -0.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.03%. March E-mini S&P futures (ESH26) are down up +0.13%, and March E-mini Nasdaq futures (NQH26) are up +0.15%. Stock indexes are narrowly mixed, pressured by a +3 bp rise in the 10-year T-note yield on today’s strong US Q3 GDP report of +4.3%. The strong GDP report caused the market to reduce the odds for a -25 bp rate cut at the next FOMC me ...