US equity indexes mostly closed broadly higher, SPX +39pts (1.0%) at 3999. Nasdaq comp’ +1.4%. Dow +0.5%. The Transports settled -0.4%. R2K +0.5%.
sp’60min
Summary
closing hour action: choppy, but still leaning upward to print a new multi-week high. Its very impressive, as momentum was only fractionally positive.
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… and that concludes Thursday. It was a day of considerable chop, if yet again leaning to the upward side. The only issue is whether 4K is cleared tomorrow… or not until the flip side of the weekend!
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notable shipper: NCLH
Both NCLH and RCL were dragged lower, as sister shipper Carnival announced a secondary offering. Indeed, the other two will likely do the same.
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notable bond ETF: TLT
Bonds strongly higher… as yields cooled… partly due to the ECB raising rates by 50bps… rather than the expected 25bps.
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notable bank: BAC
Banks still lagging the main market.
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19c/66f… a cool breeze… very nice.
Have a good evening
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more later on the VIX and Indexes by 6pm EST