U.S. indices end on a mixed note

Cornelia Mascio
Марта 13, 2018

In the bond market, U.S. Treasury prices edged higher, pushing yields lower; the benchmark 10-year yield slipped 2 bps to 2.87% as a $21B 10-year note auction drew a high yield of 2.889% on a bid-to-cover of 2.50, slightly above the average of the prior 12 auctions.

"The market was particularly optimistic that wage growth wasn't too hot for fear of inflationary concerns", said Andre Bakhos, managing director at New Vines Capital LLC in Bernardsville, New Jersey.

European markets were higher today, with the Spanish Ibex Index rising 0.56 percent, STOXX Europe 600 Index gaining 0.37 percent and German DAX 30 index gaining 0.75 percent.

However, the S&P and the Dow have almost reclaimed those losses.

Rapid gains in technology stocks have already powered the Nasdaq.IXIC back to its record levels.

Futures for the Dow Jones Industrial Average gained 96 points to 25,456.00, while the Standard & Poor's 500 index futures rose 9.45 points to 2,798.00.

Persistent concern of a global trade war, after President Donald Trump implemented 25% tariff on steel imports and 10% on aluminium imports to the U.S., also continued to weigh on investor sentiment.

At 8:39 a.m. ET, Dow e-minis 1YMc1 were up 43 points. The Nasdaq Composite closed at 7,588.32 for a gain of 27.51 points or 0.36%.

Oclaro jumped 25 percent and was the most traded stock after laser and optical fibre specialist Lumentum Holdings said it would buy the optical components producer for US$1.7 billion.

Lumentum's shares rose 1 percent. This article is strictly for informational purposes only.

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