Stock indexes are down today, with the S&P 500, Dow Jones, and Nasdaq all in the red. Bond yields and the dollar are up after President Trump nominates Kevin Warsh as the next Fed Chair. US producer prices rose more than expected, impacting Fed policy. The US Jan MNI Chicago PMI is above expectations. Overseas markets are mixed. In stock news, chip makers and mining stocks are down, while Deckers Outdoor is up. Earnings season is positive, with S&P earnings growth expected to rise. Interest rates are under pressure, with T-notes down and European bond yields mixed.

Read more at Barchart: Stocks Slip as Bond Yields Rise after Warsh Picked for Fed Chair