Closing changes for the main US stock markets:
- S&P 500 unchanged at 3168
- DJIA up 3 points to 28,135
- Nsadaq +17 to 8734
On the week:
- S&P 500 +0.7%
- DJIA +0.4%
- Nsadaq +0.9%
While stock markets were enthusiastic, the 7.5 bps fall in US 10-year notes to 1.82% virtually wiped out yesterday’s rise. That’s a bit of a warning sign for risk trades.