As London/European traders head for the exits, the major US stock indices are trading at Lowe’s for the day.
- The Dow industrial average is now down -0.18% or -89 points. At session highs the index was up 150 points.
- S&P index is up 3.24 points or 0.05%. At session highs the index was up 52.26 points.
- NASDAQ index is up 87 points or 0.36%. Added session highs the index was up 365.09 points.
Fed officials speaking today have been more hawkish and suggest that a December cut is certainly in question. Having no data is starting to become more problem as well.
US yields are mixed with the
- 2–year yield at 3.602%, -1.2 basis points
- 5 year yield 3.707%, -1.2 basis points
- 10 year yield 4.09%, unchanged
- 30 year yield 4.661%, +1.4 basis points
In Europe, the major indices are all closing lower.:
- German DAX -0.67%
- France’s CAC -0.44%
- UK’s FTSE 100 -0.44%
- Spain’s Ibex -0.05%
- Italy’s FTSE MIB -0.06%
Looking at other markets:
- Crude oil is trading up $0.21 or 0.39% at $60.78.
- Gold is down $38 or -0.93% and back below the $4000 level at $3986.10.
- Silver is trading down $0.34 or -0.70% at $48.55.
- Bitcoin is up $500 at $108,850.
