Dow posts a record close. Nasdaq underperforms.

Technical Analysis

Russell 2000 falls -2.8%

The Dow is closing at a record close. The Nasdaq lagged with the Russell 2000 of small-cap stocks taking it on the chin.  

The final numbers are showing:

  • S&P index fell -3.35 points or -0.08% at 3971.19
  • Nasdaq fell -79.07 points or -0.60% at 13059.64
  • Dow rose 98.43 points or 0.3% at 33171.31
  • The small-cap Russell 2000 fell -62.8 points or -2.83% at 2158.50.

Below is a summary of him the % changes for the major global indices to start the trading week:

Yields rose with the yield curve steepening in the US today which has tended to weaken the high tech growth stocks.

  • 2 year rose 0.7 basis points to 0.140%
  • 10 year rose 3.3 basis points to 1.709%
  • 30 year rose 3.0 basis points to 2.408%

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