Stock indexes closed mixed today, with the S&P 500 slightly down and the Dow Jones up. Chip makers and rising oil prices boosted energy stocks. US MBA mortgage applications rose, with new home sales hitting a 3.5-year high. Earnings expectations are high, with many S&P 500 companies expected to beat estimates.

The focus this week is on trade news and upcoming economic data. Markets predict a rate cut at the next FOMC meeting. Overseas markets are up, and interest rates are slightly higher. European bond yields fell, and the German IFO business climate survey dropped. ECB and swaps don’t foresee rate cuts.

Stock movers include chip stocks rallying, energy producers surging with oil prices, and companies like uniQure NV and Iren Ltd seeing significant gains. Notable losers include Acadia Pharmaceuticals and Freeport-McMoRan. Earnings reports for several companies are due on 9/24. Adobe and Electronic Arts are among the declining stocks.

Overall, the market is responding to various factors like earnings, economic data, and geopolitical news. Stock movements reflect sector-specific trends and individual company news. Investors continue to monitor global markets and economic indicators for future insights.

Read more at Yahoo Finance: Stocks Pressured as Bond Yields Rise