Dow Industrial Average is leading the way to the downside. S&P now negative.

<p>The Dow industrial average is now down -268 points or -0.80% at 33238.91. The S&amp;P index is also negative by -26.54 points are -0.62% at 4261.76. The NASDAQ index after being up 1% is now trading up only 0.11% at 13234.</p><p>Leading that declines are the utility sector as rates move higher and take money away from that sector's typical attraction. Higher borrowing costs also weigh on the capital intensive industry. </p><p>The 10-year yield is now up 11.6 basis points at 4.686%. The thirty-year is up 9.4 basis points of 4.8032%.</p><p>The utility index is down -16 points or 5.34% at 283.23. The decline is the worst since March 2020. The index is at its lowest level since June 2020.</p>

This article was written by Greg Michalowski at www.forexlive.com.