EmailStock Market Update
Market Snapshot
| Dow | 12914.42 | -72.09 | (-0.56%) |
| Nasdaq | 3019.40 | -36.15 | (-1.18%) |
| SP 500 | 1376.38 | -11.19 | (-0.81%) |
| 10-yr Note | +19/32 | 1.991 | |
| NYSE | Adv 802 | Dec 2223 | Vol 437.3 mln |
| Nasdaq | Adv 545 | Dec 1916 | Vol 1.03 bln |
Industry Watch
| Strong: Consumer Staples, Utilities |
| Weak: Financials, Technology, Energy |
Moving the Market
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China GDP prints 8.1%, misses 8.4% estimate Net borrowing by Spanish banks from the European Central Bank surged to EUR228 billion in March from EUR 152 billion in February Google, JP Morgan Chase, and Wells Fargo all top earnings estimates CPI comes out in-line at 0.3% year over year Michigan Sentiment prints 75.7 (76.1 expected) |
Treasuries See Solid Weekly Gains
13-Apr-12 15:00 ET
Dow -72.09
at 12914.42,
Nasdaq -36.15
at 3019.40,
S&P -11.19
at 1376.38
[BRIEFING.COM] Treasuries saw solid gains for the week as renewed concern over the problems in Europe took center stage. The trouble in Europe more than made up for the average auctions and better than expected corporate earnings that under normal circumstances would likely have caused money to move out of Treasuries and into equities. Worries over the health of Spain provoked heavy buying in the Treasury complex as yields across the curve fell by as much as eight basis points over the course of the week. The long bond was the top performer, adding more than one point to finish at 99 17/32. Meanwhile, a solid gain of 16/32 for the 10-yr note dropped its yield more than five basis points as it saw its first weekly close below the 2.00% threshold since March 2. Slight flattening of the yield curve caused the 2-10-yr spread to narrow to 173 basis points.
