U.S. Afternoon Market Commentary
March 7, 2014
3:30 p.m. CT
U.S. stocks closed little changed as concerns about Ukraine outweighed positive employment data. Stocks were higher for much of the morning as payrolls rose this month, and we also saw an upward revision of January's number despite sluggish data due to the harsh winter weather. However, concerns over Ukraine pared the gains seen in early trading. U.S. bonds closed lower today. The Dow Jones Industrial Average* rose 131 points, or less than one percent, for the week.
Looking at the S&P 500,
The best-performing sector was: Financials
While the worst-performing sector was: Basic Materials
The Dow Jones Industrial Average* was up 30.83 at 16,452.72
The Standard & Poor's 500 Index was down 1.00 at 1,878.03
The NASDAQ Composite Index was down 15.90 at 4,336.22
Volume on the New York Stock Exchange was moderate, with 665.54 million shares traded.
In commodity markets,
The spot price of gold fell $10.67 to $1,340.18
The spot price of silver fell $0.56 to $20.91
And crude oil prices rose $0.98 to $102.54
In the bond market,
The 30-year Treasury yield closed at 3.72%
And the 10-year Treasury yield finished at 2.79%
* 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 © 2013 is proprietary to Dow Jones & Company, Inc.