Stock indexes are up today, with S&P 500 and Nasdaq 100 hitting new highs. Lower bond yields support stocks, with 10-year T-note yield at 1-week low. Chip stocks strength boosts tech sector. Some firms gaining include Block (+7%), Domino’s Pizza (+2%), and Verizon (+2%). Tariff news adds pressure on stocks.

Market awaits tariff news and trade deals. Upcoming data includes existing home sales, initial jobless claims, and manufacturing PMI. Overseas markets mixed, with Euro Stoxx 50 down. Interest rates rise, with 10-year T-notes up. European government bond yields fall. Swaps predict ECB rate cut.

Chip stocks lead market gains, with ARM Holdings and others up. Block rises 7%, Domino’s Pizza and Verizon also gain. Pinterest up after upgrade, Dollar Tree and Invesco also rise. Natural gas producers down on cooler forecasts. Sarepta Therapeutics and Biogen fall, Molina Healthcare and Centene decline.

Earnings reports for AGNC Investment Corp, Steel Dynamics, and more today. Author does not hold positions in mentioned securities. Views expressed in article are sole opinion of author.

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