Previous close | 23.11 |
Open | 21.73 |
Volume | 0 |
Day's range | 21.52 - 23.02 |
52-week range | 19.51 - 85.47 |
Avg. volume | 0 |
The 10-year Treasury yield topped 1.30% on Tuesday, a level last seen in February 2020. The 30-year rate also hit its highest level in a year.
With the markets at all time highs, "corrections may be coming," followed by more gains," says Tony Dwyer, analyst at Canaccord Genuity. "We still believe the market is ripe for a pullback, but the focus should remain on our core fundamental thesis and the global reflation theme," Dwyer wrote in a note to investors.
The stock rotation continued on Friday with investors driving up energy, financial and materials shares, while trimming positions in big tech stocks.