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Barchart
Barchart
Rich Asplund

Stocks Slip as Bond Yields Rise

SP Nasdaq United States US Federal Reserve

The S&P 500 Index ($SPX) (SPY) today is down -0.12%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.25%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.11%.  March E-mini S&P futures (ESH26) are down -0.11%, and March E-mini Nasdaq futures (NQH26) are down -0.10%.

Stock indexes are slightly lower today as the market struggles for direction in thin year-end trading.  Higher bond yields are negative for stocks as the 10-year T-note yield is up +2 bp to 4.13%.  Losses in stocks are limited by some positive carryover from today's rally in European stocks as the Euro Stoxx 50 index climbed to a 1.5-month high. 

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