Courtesy of Doug Short.
Apple made the popular financial press headlines again today, closing the day with a 3.07% surge following yesterday’s dramatically volatile session. The Nasdaq rose 0.75%, and our benchmark S&P 500 also benefited from the tech darling’s rally with a 0.36% closing gain. The S&P 500’s gap below the legendary 2,000 threshold has narrowed to less than five points.
The yield on the 10-year Note rose 4 bps to close the session at 2.54%. It is now 20 bps off its 2014 low on August 15th and matched on August 28th.
Here is a 15-minute chart of the past five sessions. I’ve highlighted the 2000 level.
Volume in today’s trading was a bit below its 50-day moving average.
For a longer-term perspective, here is a pair of charts based on daily closes starting with the all-time high prior to the Great Recession.
