Market Report Mar 11 2022

  • Post author:

Market Report for Mar 11 2022

S&P and Nasdaq Composite

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

Stock Market %:
DJIA: -0.34
Nasdaq Composite: -0.95
S&P 500: -0.43
UK FTSE 100: +1.27

Market Volume:
NYSE Vol: 1.0 bln (Below)
Nasdaq Vol: 5.0 bln (Above)

Yields:
2-yr: +5 bps to 1.72%
3-yr: +5 bps to 1.90%
5-yr: +6 bps to 1.94%
10-yr: +6 bps to 2.01%
30-yr: +9 bps to 2.39%

Comments:
Another volatile day but the swings were less than the prior couple of days. All the majors averages closed in the red which should be expected while the markets remain in this choppy period. They did manage to close off their lows though.

Tech and Energy were at opposing ends with the latter closing positively.

The 10-yr broke above 2% as crude oil managed to stay above $100 a barrel.

Based on the fact it is the last day of the trading week and that the markets continue to do nothing, we could start our weekend early.

Let’s go trade!