The Russell 2000 broke 1,000 for the first time on Monday as the S&P 500 Index climbed to an all-time intra-day high after marking its 16th record close last Friday.
moreBarclays U.S. corporate high yield index broke through 5.00% for the first time in its 30-year history, closing last Tuesday at a yield-to-worst of 4.97%.
moreAn unexpected drop in initial claims for unemployment benefits and dip in the unemployment rate to 7.5%, its lowest level in four years, sent equities off to the races on Thursday and Friday.
moreThe muni-Treasury ratios are currently floating at or above 100%. The 10-year Treasury yield dropped from 1.71% at last Tuesday’s close to 1.67% this Tuesday morning.
moreMixed corporate earnings and economic data reflecting slowing U.S. and global growth drove the S&P 500 Index to its biggest one-day and full-week decline of the year.
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