Market indices (^DJI, ^IXIC, ^GSPC) managed to hold on Profits seen at the top of Wednesday's trading session. It was such a joyous day that even small-cap stocks and the Russell 2000 index (^ROUTE) are seeing green.
Yahoo Financial Anchor Julia Hyman focuses on the downward changes seen in Treasury yields, while Senior Markets Reporter Jared Blikre breaks down sector action at the end of the day.
For more expert insights and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's Note: This article was written by Lucas Carberry Mogan.
Video transcript
JULIE HYMAN: There the closing bell rings on Wall Street. And now it's about dominating the market over time. Josh and I join Jared Blikre to catch you up on the action from today's session. Let's see where the major averages ended up and start there.
In fact, we saw the Dow bounce a bit off the session lows here, ending the day up 76 points, a gain of about a fifth of 1%, and the S&P 500 was up about half of 1%. The NASDAQ is similar here, up 6/10 of 1%. What strikes me is that both the smallest and the largest also help lead today. The Russell 2000 was up 6/10 of 1%, as was the NASDAQ 100, about 2/3 of 1%. Very divergent there, but from then on they are kind of big brothers.
And then I also wanted to take a look at the 10-year T bond. There we have it. Since we heard from Jay Powell today, but since there really wasn't a big change in a move on when the Fed might change rates, we saw just a three basis point drop in the 10-year yield to 4.1% . Jared can take a closer look at current sector action and more right now. Hi, Jared.
JARED BLIKRE: Julie, a little defensive today. We had technological leadership before, but not at the end. Utilities and commodities round out the top two, followed by materials, then technology, and then healthcare and real estate. But in reality we have basic consumer products. That was a winner today or the second best winner. And then consumer discretionary, which is a more discretionary retail-oriented piece, which was down 34 basis points there.
And when we take a look at the NASDAQ 100 here, another monster day for Nvidia, over 20 new highs this year alone and another one after that. It costs up to $887. AMD, another record closing. JPMorgan, Costco, progressive finance, so another broad swath of leaders are emerging here in this market, Josh.
