US stocks closed lower on the day as yields move higher

<p>A major US stock indices are all closing lower. Yields have moved higher with the 2-year up 8.6 basis points at 4.223%. The 10-year is up 11.6 basis points at 4.067%.</p><p>The Dow Industrial Average was the worst performer of the major indices. It was pushed down by a -7.9% decline in Boeing shares. Nike also fell -3.19%, and Chevron shares fell -2.44%. Shares of Disney rose 2.98% after a report that NFL is in advanced talks with ESPN to acquire an equity stake in a network.</p><p>The NASDAQ index close low on the day but was the best performer of the three major indices with a decline of -0.19%.</p><p>The final numbers are showing:</p><ul><li>Dow Industrial Average -231.86 points or -0.62% at 37361.13</li><li>S&amp;P index -17.85 points or -0.37% at 4765.99</li><li>NASDAQ index -28.42 points or -0.19% at 14944.34</li></ul><p>Although all three indices moved lower, the awesome oversized gainers:</p><ul><li>AMD shares soared 8.31%. KeyBanc raised its price target on the stock to $195 from $170 and maintains overweight rating. Shares closed at $158.74 up $12.18</li><li>Nvidia shares rose $16.72 or 3.06% to $563.82</li><li>Coinbase rebounded after a few days of declines. It shares rose 2.37%</li><li>Micron rose 2.69%</li><li>Palo Alto networks rose 2.09%</li></ul><p>On the downside today, besides Boeing's -7.9% decline:</p><ul><li>FirstSolar fell -7.07%</li><li>Snap fell -5.39%</li><li>Morgan Stanley announced earnings today that were disappointing and it shares about -4.20%</li><li>Roblox -3.84%</li><li>Moderna fell -3.58%</li></ul><p>Remember the S&amp;P index although lower today is still within striking distance of its all-time high closing level at 4796.57. A move above that level – and close above that level – would be more bullish.</p>

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