Stock indexes saw mixed performance today, with the S&P 500 down -0.15%, Dow Jones up +0.16%, and Nasdaq down -0.67%. March E-mini S&P futures down -0.16%, Nasdaq futures down -0.75%. Chipmakers and software stocks are down, defense stocks rise on increased military spending plans. Bond yields up, US economic data positive.

US economic news shows Q3 productivity up +4.9%, unit labor costs down -1.9%, and trade deficit at 16-year low. Challenger job cuts down, weekly jobless claims up. Focus on upcoming economic indicators like nonfarm payrolls. Market discounting 9% odds of rate cut at next FOMC meeting. Overseas markets lower.

Interest rates: 10-year T-notes down. T-note yield up. European government bond yields up. Eurozone economic confidence falls, unemployment rate improves. Eurozone PPI down. ECB inflation expectations steady. German factory orders rise. ECB interest rates deemed appropriate. Swaps pricing in 1% chance of ECB rate hike.

US stock movers: Chipmakers, software stocks, and mining companies down. Defense stocks rise on increased military budget plans. Individual stock movements noted. Earnings reports for selected companies. Market volatility amid economic data and global factors.

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