U.S. Afternoon Market Commentary
May 28, 2015
3:30 p.m. CT
U.S. stocks closed lower today as uneasiness over a Greek debt deal and a selloff in Shanghai stocks weighed on investor sentiment. In China, stocks dropped 6.5 percent on Thursday, with traders citing the tightening of marginal lending rules as an explanation. In economic news, jobless claims rose unexpectedly last week, but remained at levels consistent with a strengthening labor market. U.S. bonds finished mixed for the day.
Looking at the S&P 500,
The best-performing sector was: Utilities
While the worst-performing sector was: Industrials
The Dow Jones Industrial Average* was down 36.87 at 18,126.12
The Standard & Poor's 500 Index was down 2.69 at 2,120.79
The NASDAQ Composite Index was down 8.62 at 5,097.98
Volume on the New York Stock Exchange was moderate, with 689.69 million shares traded.
Decliners outnumbered advancers by roughly a 4-to-3 margin.
In commodity markets,
The spot price of gold rose $0.44 to $1,188.49
The spot price of silver fell $0.00 to $16.70
And crude oil prices rose $0.38 to $57.89
In the bond market,
The 30-year Treasury yield closed at 2.89%
And the 10-year Treasury yield finished at 2.13%
* The Dow Jones Indexes are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones Indexes © 2015 is proprietary to Dow Jones & Company, Inc.