The S&P 500 Index ($SPX) (SPY) on Thursday closed down -0.50%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.38%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.43%. December E-mini S&P futures (ESZ25) fell -0.48%, and December E-mini Nasdaq futures (NQZ25) fell -0.47%.
Stock indexes were under pressure on Thursday, with the S&P 500, the Dow Jones Industrials, and the Nasdaq 100 falling to 1-week lows. Stocks retreated for the third consecutive session on Thursday as rising bond yields undercut stock prices. Signs that the US economy is stronger than expected pushed T-note yields higher Thursday, following the release of better-than-expected US GDP, jobless claims, and core capital goods orders reports. The 10-year T-note yield on Thursday posted a 3-week high and finished up +2 bp to 4.17%.
