Markets

US stocks end the day mixed. Recover losses on Fed hike worries

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.


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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