Go To:
Premier Members can get their watchlist or portfolio delivered via email up to 5 times a day. Learn More >>
Stocks Finish Slightly Lower as Bond Yields Climb
Barchart - Fri Jan 16, 3:38PM CST
The S&P 500 Index ($SPX) (SPY) on Friday closed down -0.06%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.17%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.07%. March E-mini S&P futures (ESH26) fell -0.06%, and March E-mini Nasdaq futures (NQH26) fell -0.08%.
Stock indexes gave up an early advance on Friday and settled slightly lower as bond yields rose. The 10-year T-note yield rose +6 bp to a 4.5-month high of 4.23% on Friday after President Trump expressed reluctance to nominate Kevin Hassett as Fed Chair. Hassett was seen by markets as the most dovish candidate and the top contender for the Fed Chair nomination, so nominating someone like Kevin Warsh, a known hawk and the second-most-likely Fed Chair candidate, dampened speculation about future Fed rate cuts, pushed bond yields higher, and weighed on stocks.
Stocks initially moved higher on Friday, led by strength in chipmakers. Confidence that spending on artificial intelligence will c... Read more
Most Recent Stories
More News The carnage of Spain’s train crash stained a world-class rail system AP - 12 minutes ago
The deadly train wreck in southern Spain has cast a pall over one of the nation’s symbols of success
Netflix revises its offer for Warner Bros. Discovery to make it an all-cash transaction AP - 22 minutes ago
Netflix is revising its $72 billion offer for Warner Bros
Trump slams UK deal to hand over Chagos Islands after he previously backed it AP - 46 minutes ago
The British government is defending its decision to transfer sovereignty of the Chagos Islands to Mauritius after U.S. President Donald Trump criticized the move
The new ‘Be The People’ campaign wants to unite hundreds of millions of Americans to solve problems AP - 49 minutes ago
A privately funded initiative called “Be The People” will try to connect hundreds of millions of Americans with efforts to solve local problems as part of a vision for the next 250 years of the United...
Russia batters Ukraine's power grid again as officials seek momentum in US-led peace talks AP - 1 hour ago
Ukrainian President Volodymyr Zelenskyy says that Russia has launched more than 300 drones and missiles in a nighttime attack on Ukraine's power grid
Sectors sorted by Daily Weighted Alpha Change
/Intel%20Corp_%20logo%20on%20mobile%20phone-by%20Piotr%20Swat%20via%20Shutterstock.jpg)
/An%20image%20of%20a%20Tesla%20humanoid%20robot%20in%20front%20of%20the%20company%20logo%20Around%20the%20World%20Photos%20via%20Shutterstock.jpg)
/Alphabet%20(Google)%20Image%20by%20Markus%20Mainka%20via%20Shutterstock.jpg)
/Nvidia%20logo%20by%20Konstantin%20Savusia%20via%20Shutterstock.jpg)
