What you need to know… The S&P 500 Index ($SPX) (SPY) today is down -0.76%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -1.04%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.98%. Stock indexes this morning are moderately lower. Stocks opened lower after hawkish Fed comments pushed bond yields higher. Fed Chair Powell pushed back against hopes of a Fed rate cut next month, and Minneapolis Fed President Kashkari said a higher neutral rate gives the Fed room to wait on interest rate cuts. Also, Chicago Fed President Goolsbee said he wants to see more progress on reducing inflation b…