11Feb2020 Market Close: SP500 And NASDAQ At Record Highs Despite Late-Day Fade. Antitrust Probe Cools Tech. WTI Remains Below 50 And Gold Lower.
Written by Gary
The S&P500 and Nasdaq eked out record closes despite giving up some gains on Tuesday. The S&P 500 rose 0.17%, Nasdaq Composite added 0.11% and the Dow Jones Industrial Average was flat. The announcement by the Federal Trade Commission of a regulatory probe into previous deals by large-cap tech companies cooled investor sentiment on stocks. Bonds sold off (10-year yield 1.604%) while oil remained quiet and gold settled lower.
Source: http://econintersect.com/pages/market/market.php?post=202002111615
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