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Barchart
Barchart
Rich Asplund

Stocks Turn Lower as Bond Yields Rise on Strong US Economic Reports

The S&P 500 Index ($SPX) (SPY) today is down -0.32%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.11%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.93%.  March E-mini S&P futures (ESH25) are down -0.32%, and March E-mini Nasdaq futures (NQH25) are down -0.92%. 

Stocks today gave up early gains and are trading mostly lower. Stocks retreated as the 10-year T-note yield climbed to an 8-month high.  Bond yields spiked higher after the latest US JOLTS job openings and the ISM services index reports were better than expected and bolstered speculation the Fed will refrain from cutting interest rates this month. 

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