Market Report Mar 08 2022

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Market Report for Mar 08 2022

S&P 500 and Nasdaq Composite

Market Trend:
S&P 500 = Mixed
Nasdaq Composite = Mixed

Stock Market %:
DJIA: -2.37
Nasdaq Composite: -3.62
S&P 500: -2.95
UK FTSE 100: -0.40

Market Volume:
NYSE Vol: 1.4 bln (Above)
Nasdaq Vol: 6.1 bln (Above)

Yields:
2-yr: +5 bps to 1.54%
3-yr: +7 bps to 1.67%
5-yr: +6 bps to 1.69%
10-yr: +3 bps to 1.75%
30-yr: UNCH at 2.15%

Comments:
As oil prices tagged $130 a barrel, the market found reasons to display weakness under the pressure. Lots of volume and volatility on Monday’s trading session.

Energy and Utilities were the only green sectors.

There were no economic news events that helped persuade the weakness but today we will find the US trade balance.

It is best to continue to stand aside and watch while volatility increases.

Let’s go trade!