A surge in yields and higher oil prices proved too much for the bulls to extend the market rally this week with long bonds hitting their highest levels in nearly two decades.
A surge in yields and higher oil prices proved too much for the bulls to extend the market rally this week with long bonds hitting their highest levels in nearly two decades.
Investors shook off higher yields to close out the week as the major averages finished a down week on a high note.
Despite rising tensions in the Middle East and a sharp selloff in semiconductor stocks, a late month rally helped limit the damage, leaving the major averages mixed for July...
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| Index | Close | Day Change | Day % Change | YTD % Change |
|---|---|---|---|---|
| NASDAQ COMPOSITE | 26180.46 | 113.29 | 0.43% | 12.64% |
| DJ UTILITIES | 1075.44 | -28.06 | -2.54% | 0.69% |
| DJ TRANSPORT | 21570.26 | 188.01 | 0.88% | 24.27% |
| DJ INDUSTRIALS | 53277.01 | 517.8 | 0.98% | 10.85% |
| NYSE COMPOSITE | 24728.67 | 180.41 | 0.73% | 12.38% |
| S & P 100 INDEX | 3780.07 | 14.89 | 0.4% | 10.13% |
| RUSSELL 2000 | 3017.87 | 25.44 | 0.85% | 21.59% |
| S&P 500 | 7674.37 | 33.21 | 0.43% | 12.11% |
| CBOE MKT VOLATILITY | 15.13 | -0.88 | -5.5% | 1.2% |
| AMEX COMPOSITE | 9179.14 | 121 | 1.34% | 33.67% |
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