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By Staff Reporters
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First quarter earnings from big lending institutions painted something of a mixed picture, with Bank of America posting healthy returns as Goldman Sachs on Tuesday saw headwinds from its loan portfolio.
CITE: https://www.r2library.com/Resource
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The following is a round-up of yesterday’s market activity:
- The S&P 500 Index was up 3.55 points (0.1%) at 4154.87; the Dow Jones industrial average was down 10.55 at 33,976.63; the NASDAQ Composite was down 4.31 at 12,153.41.
- The 10-year Treasury yield was down about 2 basis points at 3.574%.
- CBOEs Volatility Index was down 0.12 at 16.83.
Small-cap stocks, which tend to suffer more from recession concerns than their large-cap peers, were among the weakest performers with the Russell 2000 falling about 0.4%. Communications services and utilities were laggards among S&P 500 sectors, while industrials and consumer staples were stronger.
Volatility as measured by the VIX continued to drop to the lowest levels since late 2021.
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Filed under: "Advisors Only", Alerts Sign-Up, Alternative Investments, Experts Invited, Financial Planning, Funding Basics, Investing | Tagged: Bank America, big lenders, BoA, DJIA, DOW, gold, Goldman Sachs, NASDAQ, oil, S&P 500, Treasury yields, utilities, VIX |
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