More of the same today as equities sold off on rising yields and oil prices. Crude oil nudged higher after President Trump dismissed Iran's plan to open the Strait of Hormuz causing yields to tick higher on inflation concerns.
More of the same today as equities sold off on rising yields and oil prices. Crude oil nudged higher after President Trump dismissed Iran's plan to open the Strait of Hormuz causing yields to tick higher on inflation concerns.
Another volatile week kicked off with the NASDAQ and NASDAQ 100 posting new record highs as investors were back to 'risk on' on hopes President Trump's meetings with Iran and China would ease geopolitical tensions.
The major averages posted solid gains in August as they navigated ever-changing yields and headline risks associated with the war in the Middle East.
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| Index | Close | Day Change | Day % Change | YTD % Change |
|---|---|---|---|---|
| NASDAQ COMPOSITE | 26820.38 | -248.34 | -0.92% | 15.4% |
| DJ UTILITIES | 1004.5 | -5.82 | -0.58% | -5.95% |
| DJ TRANSPORT | 19582.54 | 10.32 | 0.05% | 12.82% |
| DJ INDUSTRIALS | 51481.51 | -347.11 | -0.67% | 7.11% |
| NYSE COMPOSITE | 23757.31 | -155.28 | -0.65% | 7.97% |
| S & P 100 INDEX | 3836.54 | -31.64 | -0.82% | 11.78% |
| RUSSELL 2000 | 2817.91 | -19.64 | -0.69% | 13.54% |
| S&P 500 | 7683.69 | -59.72 | -0.77% | 12.24% |
| CBOE MKT VOLATILITY | 16.07 | 1.2 | 8.07% | 7.49% |
| AMEX COMPOSITE | 8174.64 | -75.76 | -0.92% | 19.05% |
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