Stocks Supported by Lower Crude Prices and Bond Yields

The S&P 500 Index ($SPX) (SPY) is up by +0.61% today, the Dow Jones Industrial Average ($DOWI) (DIA) is up by +0.17%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.33%. December E-mini S&P futures (ESZ26) are up +0.70%, and December E-mini Nasdaq futures (NQZ26) are up +1.40%. Stock indexes are rising today, with the S&P 500 posting a 1.5-week high and the Nasdaq 100 posting a 5-week high. Stocks are finding support today on weakness in crude oil prices, which has pushed bond yields lower and improved market sentiment. WTI crude is down more than -3% at a 1-week low, and the 10-year T-note yield is down -3 bp to 4.96%. Also, positive anticipation ahead of a summit later this week between Presidents Trump and Xi Jinping is lifting equity markets.