Stock Market Update

[BRIEFING.COM] The stock market has lost some of its swagger and has fallen back into a mixed disposition, with a retreat in the semiconductor stocks acting as an overhang. The Philadelphia Semiconductor Index, up 1.1% earlier, is down 0.4% now.

Separately, there is an Axios report that the U.S. is preparing for a possible Iranian attack on U.S. bases in the Gulf. President Trump said previously that an attack by Iran on U.S. bases will be met with more force than the strike on the nuclear facilities.

In any case, seeing bids fall off at the same time buying interest in the Treasury market has picked up. The 2-yr note yield is down 10 basis points to 3.81%, and the 10-yr note yield is down nine basis points to 4.29%.