The S&P 500 Index ($SPX) (SPY) on Thursday closed down -0.28%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.52%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.15%. December E-mini S&P futures (ESZ25) fell -0.30%, and December E-mini Nasdaq futures (NQZ25) fell -0.16%.
Stock indexes retreated on Thursday, with the Dow Jones Industrial Average posting a one-week low. The S&P 500 fell from a new all-time high on Thursday as higher bond yields sparked long liquidation pressures in chipmakers and AI infrastructure stocks. The 10-year T-note yield rose by +2 bp to 4.14%. However, Delta Air Lines rose more than +4% after raising its full-year adjusted EPS forecast. Also, PepsiCo rose more than +4% after reporting better-than-expected Q3 net revenue.
