NASDAQ index equals its worst trading days since August 24
<p>Major stock indices fell sharply today as yields continued their march higher. The 10 year yield rose 11.7 basis points to 4.799%. The 30-year is approaching 5% at 4.927%. Much stronger JOLTs job openings data was the catalyst for higher rates:</p><ul><li>Dow industrial average had its worst trading day since March 22 </li><li>NASDAQ index equaled its worst trading day since August 24</li></ul><p>The final numbers for the day are showing:</p><ul><li>Dow industrial average -430.99 points or -1.29% at 33002.37</li><li>S&P index fell -58.94 points or -1.37% at 4229.46</li><li>NASDAQ and I fell -248.32 points or -1.87% at 13059.46</li></ul><p>For the S&P index, it reached a low of 4216.45. That low got within 9 points of its 50% midpoint of the move up from the March 13 low at 4207. Just below that level is the 200-day moving average currently at 4201.98.</p>
This article was written by Greg Michalowski at www.forexlive.com.
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