S&P down 1.1%. Nasdaq down 0.64%
The US major stock indices are trading down on the day with the S&P leading the way down 1.1%. The Nasdaq stumbled 0.64% lower, while the Dow fell by 0.89%. The market started to get cold feet about the time the Fed Chair was giving her speech, and accelerated more in the US afternoon.
US Bond yields are ending the day with higher yields.
2 Year 0.935% +3 bp
10 year 2.18% + 4bp
30 year 2.91% + 1 bp
Gold is ending the day down -1.1%
Crude oil is ending the day down at $40.17 down 4% on the day. Crude oil inventories surprised to the upside.
