Previous close | 4.1960 |
Open | 0.0000 |
Volume |
Day's range | 4.1960 - 4.1960 |
52-week range | 3.2530 - 4.9970 |
Avg. volume | 0 |
The S&P 500 has had a remarkable run over the past five months, chalking up a 25% gain. But contrary to feelings that things have risen too quickly, history says that strength begets strength.
Treasury yields retreated slightly on Tuesday after strong demand at an auction of $67 billion in five-year notes, as the market awaits key inflation data later this week to gauge when the Federal Reserve may begin cutting interest rates. The report suggested U.S. manufacturing could be regaining its footing after it struggled in the wake of the Fed's aggressive tightening of monetary policy to tame inflation. The Treasury sold $67 billion of five-year notes at a high yield of 4.235%, or about seven-tenths of a basis point less than yields traded at the bidding deadline.
Stock market indexes (^DJI, ^IXIC, ^GSPC) posted a second day of record highs across the board, following the Federal Reserve's interest rate pause decision. Yahoo Finance Live monitors Thursday's market action after the closing bell while also taking a look at Micron Technology (MU) shares after reporting second-quarter earnings results. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.