Points you were talking about down about 1. 8 for the dow and s p, down 2 for the nasdaq s p indicated up by 7 points this morning nasdaq indicated up by 30 points overnight in asia, some weakness in stocks there, too probably started by what happened here. The nikkei actually ended flat the hang seng was off by three quarters of a percent. The shanghai was down 0. 8 in europe, where there is active trading taking place at this hour, you will see there are green arrows across the board. The biggest gainer of the three major averages is the cac up three quarters of a spent. More modest advances for the ftse and the dax treasury yields will be watched closely. Treasury yields went into a free fall on the feds report yesterday or the idea that it would be one and done. You can see the tenyear barely held on to a yield of 2 that was the weakest level in three weeks. This morning trading back to 2. 04 . There were two key words that sparked a strong reaction from the markets and President T
Set for the first weekly declines as well in several the first down week in three. For the nasdaq, the first down eight. The defensive groups doing the worst today. Take a look at the imap for the map of the groups on the move. Utilities and telecoms the worst performing groups. Like telecoms and utilities are down because bond yields are up. We tend to see an inverse relationship there. But the 10 year end to your yields up by five basis points today. This is a reversal of what weve seen this week. Twoyear yields up by five basis points today. The market is not accurately estimating the number of Interest Rate increases this year. Seeing a bump up in yields following that. Vonnie what are the individual movers catching your attention . Julie comcast come as we are looking at the ratings from the Olympics Committee are not so great here. Comcast down 1. 4 . The owner of nbc, showing the olympics. We are also looking at Emerson Electric today, buying a valid anves and controls business.