Stock indexes are up today, with the S&P 500, Dow Jones, and Nasdaq all posting gains. E-mini futures are also up. The outlook for lower interest rates and supportive economic news are boosting stocks. Dovish comments from Fed Governor Stephen Miran are helping as well.

The US Dec Empire manufacturing survey showed a contraction, which is a Fed-friendly sign. However, weaker-than-expected Chinese economic data is impacting global growth prospects. This week’s focus will be on US economic news, including employment and prices reports.

Some individual stock movements include KLA Corp leading chip makers higher, mining stocks rising, and positive results from Immunome and ZIM Integrated Shipping Services. On the downside, ServiceNow is down after a downgrade.

Read more at Barchart: Stocks Climb in Anticipation of Fed-Friendly US Economic News