Ups and downs. S&P and Nasdaq down. Dow up and sets another record close.
I guess you can say, the market is still nervous about the tech heavy Nasdaq-like stocks and are more comfortable with putting money to work in the Dow (or perhaps even bonds). As a result, the Dow is the winning index after all the volatile dust settled (it closed at a record level), and the Nasdaq is the loser. The S&P ended down but is hanging closer to the Dow.
More specifically:
- The Nasdaq fell -25.47 points to 6194.89, but was down as much as -66 point at the lows (to 6153.54).
- The S&P index fell -2.43 points to 2437.92. It traded as low as 2428.34
- The Dow was up +46.09 points to 21374.56. The low reached 21294.09. The high 21391.97
The note and bonds yields are lower but the 2 year yield recovered much of the earlier declines (yield curve flatter):
- 2 year 1.335%, down -2.8 bps. The low yield reached 1.2823%. The high was 1.3633%
- 5 year 1.7186%, down -6.2 bps. The low yield moved to 1.6708%. The high was up at 1.7813%
- 10 year 2.1290%, down -8.1 bps. The low yield reached 2.101%, but the high was up at 2.2092%
- 30 year 2.773%, down -9.18%, The low yield fell to 2.759%, and high was up at 2.864%.
