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Barchart
Barchart
Rich Asplund

HISTORICAL FACTS: Stocks see support from positive us consumer confidence report - The Untold Story

The S&P 500 Index ($SPX) (SPY) today is up +0.06%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.20%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.43%.

Stocks today opened mildly lower but gained some ground after the stronger-than-expected US consumer confidence report.  However, stocks continue to see downward pressure from today's rise in the 10-year T-note yield to a 3-3/4 month high.

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