Daily WrapSep 18, 08:25 PM
US close mixed as yields stay elevated, oil drops
US equities finished mixed, with Nasdaq futures and the Nasdaq 100 ETF higher, while the Dow ETF and Russell 2000 ETF lagged. The VIX fell sharply and the US 10-year yield held at 5, keeping rates and oil at the center of the tape.
Nasdaq futures 0.7792%Growth outperformance into the close
Nasdaq 100 ETF 0.7742%Tech led equities higher
VIX -16.3185%Volatility eased sharply
WTI crude -2.0467%Oil sold off
Lead: US equities finished mixed, with the Nasdaq 100 ETF and Nasdaq futures higher while the Dow ETF and Russell 2000 ETF lagged. Session narrative: The S&P 500 ETF was little changed, the VIX fell 16.3185%, and the US 10-year yield held at 5. Long-duration Treasuries were lower. Cross-asset check: WTI crude fell 2.0467% and Brent lost 1.451%, while gold, silver and copper all rose. Themes & continuing stories: Rates stayed tight after the Fed hike and global tightening signals. The Russia sanctions bill adds tariff uncertainty. Oil supply and energy inflation remain in focus. What’s ahead: Monday brings Bank of Canada Governor Tiff Macklem and Fed speaker Austan Goolsbee, with Trump and Xi expected to meet Thursday in Washington.