After a slow start, there has been steady buying in US equities today. That’s continued to session highs despite Treasury yields climbing off the lows. The S&P 500 is now up 0.8%.
SPX daily
Apple continues to be a laggard as it declines 4.3% (and is near a session low) as Chinese demand for iPhones declines. It’s impressive that the Nasdaq is up 0.7% despite that and the Russell 2000 is now up 1.7%.
There is some optimism brewing that the tariffs are all talk or at least won’t be as tough as the campaign talk.