Worries about DB give a sour tone to the market
The major US indices were lower on the day with the tone hurt by a non-US bank, Deutsche Bank whose stock fell nearly 7% on the day. The decline hurt other financials as well. The financial sector is down -1.5% year to date
The changes on the day show:
- S&P Index fell 20.25 points or -0.93%. to 2151.13. The low for the day extended to 2145.20. The high reached 2172.67
- Nasdaq composite index fell 49.391 or 0.93% to 5269.156. The low for the day extended to 5254.52 while the high reached 5317.
- Dow industrial average fell 195.79 points or 1.07% to 18143.38. The low extended to 18091.64 while the high came in at 18366.23
In the US debt market yields were down by about two basis points across the board.
- 2-year yield 0.7382%, -2 basis points
- 5-year yield 1.1153%, -2 basis points
- 10 Year yield 1.5582%, -1.3 basis points
- 30 year bond yield 2.2775%, -1.3 basis points
In other markets:
- The November crude oil futures contract is currently trading at $47.68, up 1.34%
- Spot gold is trading at 1321.39, up 0.1% on the day.
- The Thomson Reuters/CRB index is down fractionally (-0.04%)
