The S&P 500 Index ($SPX) (SPY) Thursday closed down -0.22%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.06%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.57%.
US stock indexes gave up early gains on Thursday and settled mixed, with the S&P 500 and Nasdaq 100 posting 1-3/4 month lows. Rising T-note yields on Thursday pressured stocks. Hawkish Fed comments pushed bond yields higher and undercut stocks when NY Fed President Williams and Atlanta Fed President Bostic said the Fed is in no hurry to lower interest rates. Also, weakness in chip stocks for the second session weighed on the overall market.
