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S&P 500, Nasdaq Break Six-Day Win Streak
Thursday, 11 January 2018 04:35 WIB | MARKET UPDATE |DOW JONESS & P 500SahamAS

U.S. stock-market indexes closed slightly lower on Wednesday as investors grew cautious following a temporary jump in the yield on the 10-year Treasury note, prompted by a report that China is considering halting purchases of U.S. debt. Investors dumped bond-proxies, or stocks such as utilities, real estate and telecoms.

Meanwhile financials stocks were the only bright spot on Wall Street, rising along with the yields. The S&P 500 fell 3.06 points, or 0.1%, to 2,748.23, breaking a six-day winning streak. The tech-heavy Nasdaq Composite index declined by 10.01 points, or 0.1%, to 7,153.57, also breaking its six-day advance and retreating from records. The Dow Jones Industrial Average slipped 16.67 points, or less than 0.1%, to 25,369.13.

Among the best performers on Wall Street, shares of Eastman Kodak Co. soared 57%, building on a 119% surge from Tuesday when the image-technology company said it is launching a cryptocurrency and would begin a "major blockchain initiative."

Source : Marketwatch

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