The S&P 500 Index ($SPX) (SPY) this morning is up +0.32%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.48%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.13%. 

US stock indexes this morning are moderately higher, with the S&P 500 climbing to a 4-week high and the Dow Jones Industrials posting a 5-week high.  Stock index futures are moving higher after today’s US weekly initial unemployment claims rose more than expected to an 8-1/2 month high, bolstering hopes that the Fed will soon cut interest rates.

Corporate news today is mixed.  Equinix is up more than +11% after reporting stronger-than-expected Q1 adjusted Ebitda. Steris Plc is up more than +4% after reporting Q4 revenue above consensus.  AppLovin is up more than +17% after reporting stronger-than-expected Q1 revenue.

On the negative side for corporate news, EPAM Systems is down more than -23% after cutting its full-year adjusted EPS estimate.  Also, Airbnb is down more than -7% after forecasting... Read more