Dow posts a record close. Nasdaq underperforms.

Technical Analysis

Russell 2000 falls -2.8%

The Dow is closing at a record close. The Nasdaq lagged with the Russell 2000 of small-cap stocks taking it on the chin.  

The final numbers are showing:

  • S&P index fell -3.35 points or -0.08% at 3971.19
  • Nasdaq fell -79.07 points or -0.60% at 13059.64
  • Dow rose 98.43 points or 0.3% at 33171.31
  • The small-cap Russell 2000 fell -62.8 points or -2.83% at 2158.50.

Below is a summary of him the % changes for the major global indices to start the trading week:

Yields rose with the yield curve steepening in the US today which has tended to weaken the high tech growth stocks.

  • 2 year rose 0.7 basis points to 0.140%
  • 10 year rose 3.3 basis points to 1.709%
  • 30 year rose 3.0 basis points to 2.408%

Invest in yourself. See our forex education hub.

Articles You May Like

NZD/USD stalls at 0.6400 following strong advance on soft US Dollar
HOW TO KNOW WHEN TO BUY OR SELL in FOREX( Kenyan Forex Trader)
How to keep your cryptocurrency safe after the FTX collapse
November unemployment fell for Hispanic workers and Black women, while holding steady overall
NASDAQ index soars leading the stock market gains