Reply To: Traders Market Weekly: Bull or Bear Trap Ahead of the Fed?

#46267
Truman
Participant

Treasury yields continue to inch higher.

Dow +199.40 at 31283.99, Nasdaq -86.96 at 10772.61, S&P +6.45 at 3759.27

The stock market opened on a mixed note. The Nasdaq is flirting with negative territory while the Dow and S&P 500 maintain decent gains.

Mega cap stocks are weighing down index level performance. The Vanguard Mega Cap Growth ETF (MGK) is down 0.3% versus a 0.4% gain in the S&P 500.

The 10-yr Treasury note yield is pressing higher, up three basis points to 4.24%.
The 2-yr note yield is down two basis points to 4.49%.