Stock Market Update
06-Jun-22 12:00 ET
Major indices are volatile
Dow +142.18
at 33041.88,
Nasdaq +114.60
at 12127.33,
S&P +33.11
at 4141.65
[BRIEFING.COM] The major indices are experiencing volatility but have come off their intraday lows. The S&P 500 is holding above the 4,100 level, up 0.8%.
Looking at the Treasury market, selling activity has picked up during the cash session. The 10-yr note yield holding close to 2.96% during the overnight trade is now up 7 basis points to 3.02%. The bump in yields might have served to take a little steam out of the early rally effort in the stock market.
Separately, the CBOE VIX Index reached a new high recently (25.81) but has come down a bit to 25.32, up 2.0% on the session.
