S&P down -0.16%. Nasdaq +0.13%.
The US stocks were hit on the back of concerns about a Fed hike(s) but recovered a bit of the losses by the close - the Nasdaq even closed higher.
The S&P is ending the day down -0.16% ore about -3.43 points at 2169.04. The low extended about 9 points lower than that to 2160.39.
The Nasdaq closed higher by about 6.7 points or 0.13%. The low was about 21 points at the lows.
The Dow was down -0.29% on the day.
For the week, the major US indices were down marginally. The Dow was the worst performer being down -0.85%. The Nasdaq was only down -0.37%. In the European markets this week, most of the major indices advanced on the week - the exception was the UK FTSE which were lower by -0.30% on the week.
The US debt market today saw the 10 year yield move outside the 1.5% to 1.6% range. It is trading at 1.621% going into the weekend. Below is a summary of the different maturities today.
- 2 year note yield 0.8408%, +5 basis points
- 5 year note yield 1.2252, +7 basis points
- 10 year note yield 1.6210%, +5 basis points
- 30 year bond yield 2.2861%, +2 basis points
In the commodity markets this week, Crude oil futures were down 2.43%. Gasoline rose 1.09% and Natural Gas was up 6.58%. Gold fell 1.49% and silver was down -3.37%. Agricultural commodities were mixed.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.