S&P down 1.17%. Nasdaq down 0.12%
The US stock market ended the day down but well off the lows.
- S&P index and today down 1.17% at 1859.35. The high was 1876.18. The low extended all the way down to 1812.29.
- The NASDAQ composite index closed down -0.12% at 4471.68. The high was 4514.92. The low extended to 4313.385
- . The Dow industrial average ended down 1.56% at 15766.81. The high was 15989.45. While the low extended to 1545.56
Yes, the prices rebounded and quite frankly, it was a relief, but the indices were still lower. Expectations are more slanted toward selling rallies. So although there may be more of a relief rally in the near term, the lows are likely not yet in place.
Below is a summary of the US debt market:
- 2-year notes 0.8252%. Minus for BP
- 5-year notes 1.4231%. -6 BP
- 10 year 1.9911%. -6 BP
- 30 year 2.7642%. -6 BP
Oil closed below $27 and is currently trading at $26.55, -6.71% on the day.
Gold is currently trading at $1101.5. +1.1%