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Barchart
Barchart
Rich Asplund

Stocks Finish Mostly Lower as Bond Yields Soar

The S&P 500 Index ($SPX) (SPY) closed down by -0.02% on Thursday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.31%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.03%. December E-mini S&P futures (ESZ26) fell -0.10%, and December E-mini Nasdaq futures (NQZ26) fell -0.03%.

Stock indexes settled mostly lower on Thursday, with the Dow Jones Industrials falling to a 1-week low. Higher crude oil prices on Thursday fueled inflation concerns and pushed up bond yields worldwide. WTI crude rose more than +2% on Thursday after an Iranian official warned Iran may expand the war to the Indian Ocean if the US or Israel attacks again.

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