Closing levels: US equities chop sideways even as bond yields continue to rise

  
Analysis, US Market

spx chart 5 mins

  • S&P 500 -14 points to 3735 or -0.4%
  • Nasdaq +0.2%
  • Russell 2000 -0.3%
  • DJIA -0.5%
  • Toronto TSX Comp -0.9%

US stocks opened higher and made a decent push to the upside just after lunch in New York. The sellers hit shortly after that and stocks fell to the lows of the day. A late rebound erased that damage and the market closed near unchanged. That was at least a bit of stabilization after the 4% plunge yesterday and it comes with more hefty moves in bonds.

  • 2-year +15 bps to 3.426%
  • 5-year +12.8 bps to 3.59%
  • 10-year +12 bps to 3.48%
  • 30-year +6 bps to 3.43%
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