Market CloseCautious

S&P 500 Edges Higher as Tech Gains Offset Rising Yields

Small caps outperformed while dollar strengthened and treasury yields climbed to 5.29%

Money365.Market AI1 min readFear & Greed: 63 (Greed)

Where the market closed

S&P 500
7,666.45
▲ +0.19%
NASDAQ Composite
26,871.60
▲ +0.04%
DOW Jones
50,926.56
▲ +0.04%
Russell 2000
2,806.63
▲ +0.35%
FTSE 100
10,428.27
▼ -1.68%
VIX
16.34
– +0.00%
10Y Treasury Yield
5.29%
▲ +4 bps
Dollar Index
102.033
▲ +0.57%
EUR/USD
1.1247
▼ -0.77%
GBP/USD
1.3200
▼ -0.50%

Index levels, yields and exchange rates at the US close. Source: market data via Yahoo Finance. New to index investing? See our complete S&P 500 guide.

What moved the market

US equities posted modest gains as late-afternoon strength in technology stocks, led by the State Street Technology Select Sector SPDR ETF, helped major indices close higher despite rising treasury yields and a stronger dollar. Small caps outperformed with the Russell 2000 adding 0.35%.

The 30-second read

  • •S&P 500 added 0.19%, Nasdaq +0.04% on late tech sector strength
  • •10-year treasury yield rose to 5.29% from 5.25%
  • •Dollar index jumped 0.57% to 102.033
  • •Boeing engineers approved new contract, avoiding white-collar strike
  • •GM reported drop in Q3 US vehicle sales

Reference & disclosures

Sources & headlines

  • Sector Update: Tech Stocks Gain Late Afternoon — Yahoo
  • Rankings.io Acquires Wildfire Video, Launches Rankings Video Marketing — Yahoo
  • If a Bear Market Is Coming, History Says the Most Successful Investors All Share This 1 Habit — Yahoo
  • Bank of America’s $5,000 gold forecast comes with a warning — Yahoo
  • This AI Stock Is Trading Near Record Highs. Is It Too Late to Buy? — Yahoo
  • Cowboy Space Launches Reason-1 to Demonstrate First Laser Power Beaming From Orbit to Earth — Yahoo
  • What Is The Case For Waiting On Hewlett Packard Enterprise Stock? — Yahoo
  • Boeing engineers and technical workers approve new contract, avoiding strike — CNBC
  • Nvidia Authorizes a Record $150 Billion in Stock Buybacks. The Real Prize Is Where the Rest of Its Cash Is Going. — Yahoo
  • Is Marvell Stock Ready For A Slowdown In AI Demand? — Yahoo

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