Yields ticked higher with the rate on the 10-year Treasury hugging both sides of 5% before closing at 4.992%...
Yields ticked higher with the rate on the 10-year Treasury hugging both sides of 5% before closing at 4.992%...
A blue wave in the midterm elections took the tide of investors sharply higher before a riptide pulled the different indexes sharply lower with AI-related stocks getting washed out.
Buying in big cap technology stocks at the start of the fourth quarter (Q4) pushed the S&P 500, NASDAQ and NASDAQ 100 (NDX) to new all-time highs. However, disappointing earnings reports and growing concerns about the sustainability of AI-related cash flows triggered a late-month technology selloff
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| Index | Close | Day Change | Day % Change | YTD % Change |
|---|---|---|---|---|
| NASDAQ COMPOSITE | 25065.88 | -187.26 | -0.74% | 7.85% |
| DJ UTILITIES | 1112.41 | 0.22 | 0.02% | 4.15% |
| DJ TRANSPORT | 20416.58 | 20.73 | 0.1% | 17.63% |
| DJ INDUSTRIALS | 52231.89 | -157.86 | -0.3% | 8.67% |
| NYSE COMPOSITE | 24462.33 | -10.23 | -0.04% | 11.17% |
| S & P 100 INDEX | 3696.78 | -18.37 | -0.49% | 7.7% |
| RUSSELL 2000 | 2821.38 | -19.43 | -0.68% | 13.68% |
| S&P 500 | 7520.93 | -29.01 | -0.38% | 9.87% |
| CBOE MKT VOLATILITY | 19.46 | -0.46 | -2.31% | 30.17% |
| AMEX COMPOSITE | 7995.89 | -78.91 | -0.98% | 16.44% |
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