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Today's Market
Sr. Market Strategist
November 19, 2024 at 12:30 p.m. EDT
Yesterday was a mixed session with US equities trying to recoup some of Friday’s losses. After rallying early equities closed off of session highs as headlines from Russia began to weigh on the tape. The S&P 500 closed higher by 0.4%, mid/small-cap indices were up about half of that amount while the Dow fell 0.3%. There was a bid in some of the typical geopolitical safe havens. Gold bounced nearly 2% after falling sharply last week. Oil also moved higher though production outages in the North Sea added to that strength. Treasuries caught a bid around the open with the 10yr yield closing at 4.42% after testing last week’s high ~4.5%.
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