Stocks and Bonds on Highs
25-Jun-14 12:30 ET
[BRIEFING.COM] Not much change in the major averages as they remain near their recent levels. The S&P 500 (+0.2%) saw a slim opening loss in reaction to disappointing Q1 GDP data, but the benchmark index wasted little time reacting to a dated report.
Despite the modest uptick, the S&P 500 remains lower by 0.5% for the week, but it has added 4.4% over the course of the second quarter with Monday marking the end of Q2. The S&P 500 is on pace to end the quarter ahead of its peers with the Nasdaq (+3.8%) representing the second strongest index over the past three months.
Also of note, the rebound in equities has done little to encourage participants to shift money out of the bond market as Treasuries remain near their highs. The 10-yr note trades up 10 ticks with its yield down four basis points at 2.54%.