LEIBOVIT VR NEWSLETTERS – THURSDAY- MAY 30, 2024 – ON THE WAY DOWN 2000 TO 5000 DOW INDUSTRIAL POINTS AS FORECAST!
https://www.howestreet.com/2024/05/shipping-container-shortage-could-fuel-inflation-mark-leibovit/
Rising Treasury Yields Contribute To Weakness On Wall Street
Following the mixed performance seen during Tuesday’s session, the major U.S. stock indexes all moved to the downside
during trading on Wednesday. The Dow showed a notable decline, falling to its lowest closing level in almost a month.
The major averages all finished the day firmly in negative territory. The Dow slumped 411.32 points or 1.1 percent to
38,441.54, the S&P 500 slid 39.09 points or 0.7 percent to 5,266.95 and the Nasdaq fell 99.30 points or 0.6 percent to
16,920.58.
The weakness on Wall Street came amid a continued increase by treasury yields, with the yield on the benchmark ten-year
note climbing to its highest levels in nearly a month.
The ten-year yield jumped above 4.5 percent on Tuesday, […]
LEIBOVIT VR NEWSLETTERS – WEDNESDAY – MAY 29, 2024
https://www.howestreet.com/2024/05/shipping-container-shortage-could-fuel-inflation-mark-leibovit/
Nasdaq Climbs To Another Record Closing High But Dow Sees Further Downside
After moving in opposite directions early in the session, the Nasdaq and the Dow turned in a mixed performance throughout
much of the trading day on Tuesday.
While the Nasdaq briefly joined the Dow in negative territory in afternoon trading, the tech-heavy index rebounded to end
the day at a new record closing high.
The Nasdaq climbed 99.09 points or 0.6 percent to 17,019.88, adding to the strong gain posted last Friday. The S&P 500 also
inched up 1.32 points or less than a tenth of a percent to 5,306.04, while the Dow slid 216.73 points or 0.6 percent to
38,852.86, extending the sharp pullback seen last week.
The continued advance by the Nasdaq came amid a […]
