The S&P 500 Index ($SPX) (SPY) today is up +0.80%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.51%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.14%. US stocks today are moving higher, with the S&P 500 and Nasdaq 100 posting 1-1/2 week highs and the Dow Jones Industrials posting a 1-week high. Stocks are climbing today as bond yields dropped after US July producer prices rose less than expected, bolstering expectations for the Fed to begin cutting interest rates next month. Strength in semiconductor stocks and megacap technology stocks today is also supporting the overall market….