by Scott Lehtonen
Investor’s Business Daily
The Dow Jones Industrial Average and other major stock indexes traded lower Thursday after an early inflation report, with Federal Reserve Chairman Jerome Powell set to speak later in the day. An early winner was Walt Disney (DIS), which jumped on strong earnings results.
After the opening bell, the Dow Jones Industrial Average fell 0.1%, as did the S&P 500. The tech-heavy Nasdaq composite also traded down 0.1% in morning trading.
Early Thursday, the 10-year Treasury yield ticked lower to 4.43%. Oil prices rose, as West Texas Intermediate futures traded around $69.15 per barrel.
Among exchange traded funds, the Invesco QQQ Trust (QQQ) fell 0.1%, as did the SPDR S&P 500 ETF (SPY) after the open.