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Stocks Push Higher on Strength in Tech and a Solid US Retail Sales Report
Barchart - 38 minutes ago
The S&P 500 Index ($SPX) (SPY) today is up +0.44%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.49%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.60%. June E-mini S&P futures (ESM26) are up +0.40%, and June E-mini Nasdaq futures (NQM26) are up +0.58%.
Stock indexes are pushing higher today, with the S&P 500 and Nasdaq 100 posting new all-time highs. Strength in technology stocks is supporting gains in the overall market today, led by a +17% jump in Cisco Systems after it raised its full-year revenue and earnings forecast. Stocks also benefited from the US-China summit in Beijing, where the US and China discussed various issues, including expanding market access for US businesses and purchasing US energy and agricultural products. Reuters reported that the US and China are weighing a potential framework under which each country identifies about $30 billion in goods on which tariffs could be eased without threatening national security interests.
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