The S&P 500 Index ($SPX) (SPY) today is down -0.18%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.17%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.10%. Stock indexes today are posting moderate losses. Higher T-note yields today are undercutting chip companies and weighing on technology stocks. Also, weak economic reports from China signal weakness in China’s economy that is negative for global growth prospects and stocks. China’s new home prices fell by 0.71% m/m in May, the biggest decline in 9-1/2 years. Also, China’s May industrial production rose +5.6% y/y, weaker than ex…