The S&P 500 Index ($SPX) (SPY) today is up +0.99%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.81%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.10%. US stocks are trading higher today after US weekly initial unemployment claims fell more than expected, signaling labor market strength and easing economic concerns that arose after last Friday’s weaker-than-expected July payroll report. Also, chip stocks recovered some of Wednesday’s losses and are trading higher today, boosting the overall market. Some positive corporate news is also supportive of stocks. Eli Lilly is up more than…