S&P up 1% in early trading as Treasury yields stabilize
2019-03-26 10:09:35
Stocks are up in early trading across the board, with the S&P and Dow each up roughly 1% and the Nasdaq even stronger as Treasury yields have stabilized. The move up comes despite the fact that the early economic data has been mostly worse than expected. The housing report revealed February declines for starts and permits, the Richmond Fed Manufacturing Index for March declined to 10, as expected, and the Conference Board's Consumer Confidence Index declined in March to a worse than expected reading of 124.1. In early trading, the S&P is up 25 points, the Dow is up 195 points and…
Stocks are up in early trading across the board, with the S&P and Dow each up roughly 1% and the Nasdaq even stronger as Treasury yields have stabilized. The move up comes despite the fact that the early economic data has been mostly worse than expected. The housing report revealed February declines for starts and permits, the Richmond Fed Manufacturing Index for March declined to 10, as expected, and the Conference Board's Consumer Confidence Index declined in March to a worse than expected reading of 124.1. In early trading, the S&P is up 25 points, the Dow is up 195 points and the Nasdaq is up 86 points.