Rebound. Stocks close higher led by the Nasdaq index

<p>The US stock indices retraced some/all of the declines seen this week with a rebound in the major indices. </p><p>The NASDAQ index led the gains today, and has also erased the losses from Monday and Tuesday's trade. The S&amp;P and Dow are still on pace for a decline this week, but the declines have been pared.</p><p>A snapshot of the final numbers shows:</p><ul><li>Dow industrial average rose 127.17 points or 0.39% at 33129.54</li><li>S&amp;P index rose 34.27 points or 0.81% at 4263.73</li><li>NASDAQ index rose 176.53 points or 1.35% at 13236.00</li></ul><p>For the trading week with 2 more days to go, the Dow and S&amp;P are still negative, but the NASDAQ is marginally higher:</p><ul><li>Dow industrial average is down -1.13%</li><li>S&amp;P index is down -0.57%</li><li>NASDAQ index is up 0.13%</li></ul><p>Lower interest rates today helped the indices:</p><ul><li>2-year yield 5.049%, -9.8 basis points</li><li>5-year yield 4.720%, -8.2 basis points</li><li>10-year yield 4.7 to 8% -7.3 basis points</li><li>30-year yield 4.860% -7.6 basis points</li></ul><p>Looking at the 11 S&amp;P sectors, all but 2 or higher today led by:</p><ul><li>Consumer discretionary up 1.97%</li><li>Communication services up 1.29%</li><li>Information technology up 1.25%</li><li>Materials up 1.20%</li><li>Real estate up 1.13%</li></ul><p>Leading the downside were energy and utilities. Energy tumbled -3.36% as oil prices fell over 5% today. Utilities, despite the fall in yields, was still down -0.09% as that sector deals with "higher rates for longer" increasing capital expenditure costs, and the crowding out of investors by other yield options (i.e., bills, bonds, CD's, etc). </p>

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