Late selling sends US equities into the red despite bond market reversal


Closing changes for the main North American indexes

Closing changes for the main North American indexes

Yields finished near the lows of the day and about 20 minutes before the close that looked like it was going to spill into equities as they quickly jumped but right at the end of the day there was some hard selling

  • S&P 500 -0.5%
  • DJIA -1.5%
  • Nasdaq +0.6%
  • Russell 2000 +1.0%
  • TSX Comp -0.7%

On the week:

  • S&P 500 -2.5%
  • DJIA -1.8%
  • Nasdaq -4.9%
  • Russell 2000 -2.0%
  • TSX Comp -1.5%

On the month:

  • S&P 500 +2.6%
  • DJIA +3.15%
  • Nasdaq +0.9%
  • Russell 2000 +7.0%
  • TSX Comp +4.8%

That’s a big line for the S&P 500 to hold in the week ahead.

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By Jonathan Prop

Jonathan Prop is an independent financial advisor. He has been working in finance for the last 20 years. After retiring early in his 40s, Jonathan decided to help others get to grip with financial markets, particularly his area of expertise - forex!

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