Stock indexes are on the rise today, with the S&P 500 up +0.62%, Dow Jones up +0.10%, and Nasdaq 100 up +1.16%. European stock strength is supporting US markets. Bond yields are up, with the 10-year T-note at 4.19%. The US Dec S&P manufacturing PMI remains at 51.8. Markets predict a 15% chance of a -25 bp rate cut at the FOMC meeting. Overseas markets are up, Euro Stoxx 50 hits record high. Interest rates are down for March 10-year T-notes. European government bond yields are rising. The Eurozone Dec S&P manufacturing PMI is at 48.4. UK Dec S&P manufacturing PMI at 50.6. Swaps predict a 1% chance of a +25 bp rate hike by the ECB. Chip makers and AI-infrastructure stocks are leading the market higher today. Insurance stocks are falling, with Progressive down more than -7%. Sable Offshore is up more than +18% after court ruling. RH is up more than +7%, Wayfair up more than +5%. Vertiv Holdings is up more than +7% after upgrade. Earnings report from Lifecore Biomedical.

Read more at Barchart: Stocks Climb on Strength in Chip Makers and AI-Infrastructure Companies