Strong 10-Year note auction lifts yields.
Stocks trade lower for a second straight session, with the Russell falling for a third day to lead indices downward. Crude oil surges 4.4% to tag a high of $92.84, while the U.S. dollar holds near flat. Treasury yields rise after a robust $39 billion 10-Year note auction drew heavy demand from indirect bidders. As Q3 earnings season approaches next week, the bar is set high following the largest share of positive company guidance since 2006. Delta Air Lines kicks off early reports tomorrow, ahead of Japanese household spending and U.S. consumer sentiment data.
Stocks trade lower for a second straight session, with the Russell falling for a third day to lead indices downward. S. dollar holds near flat. Treasury yields rise after a robust $39 billion 10-Year note auction drew heavy demand from indirect bidders.
As Q3 earnings season approaches next week, the bar is set high following the largest share of positive company guidance since 2006. S. consumer sentiment data.