Stocks Finish Mostly Unchanged as Market Consolidates Near Record Highs

By Staff,

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At the end of a mostly uneventful session, stocks closed roughly unchanged after touching new record highs at the open. The major averages logged weekly gains to cap a holiday-shortened period. Without the benefit of economic data or major breaking corporate news, momentum was indecisive. Yield-hungry investors were moving from equities to Treasuries midday, but the move eventually evaporated, leaving the 10-year yield back above a psychologically significant 3.00%, and stocks off session lows.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
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