EU fine of Google. ECB Draghi comments. Higher yields. Washington dysfunction. Name the story. All not are not great stories.

The major US stock indices are ending the day with losses and are going out on the day lows.

Was it the:

  • EU 2.7B fine of Google
  • ECB Draghi's more hawkish comments
  • Higher global yields
  • Washington dysfunction (delay of Senate health bill and more).

All can be blamed for the softer tone today.

In summary:

  • The S&P is ending down -19.50 points or -0.80%
  • The Nasdaq is ending down -100.5 points or -1.61%
  • The Dow is ending down -96.00 points or -0.45%

In the US debt market:

  • 2 year 1.3692%, up 3.7 bp
  • 5 year 1.8149%, up 5.8 bp
  • 10 year 2.203%, up 6.6 bp
  • 30 year 2.7518%, up 5.5 bp