Seeking Alpha

Stocks step back on Ukraine worries, action remains light

  • Stocks slipped after a three-day winning streak, pulling the S&P 500 back below 2,000, as concerns about the deteriorating situation in Ukraine overtook upbeat reports on the U.S. economy and labor market.
  • "We continue to have a good support economically," says Charles Schwab chief investment officer Omar Aguilar, which he says provides a tailwind for stocks to maintain current levels.
  • Participation remains light, with just 479M shares changing hands at the NYSE floor, which appears to come in as the lowest tally of the year.
  • U.S. Treasurys surrendered some early gains as the session wore on, with the 10-year note ending only 5 ticks higher to send its yield lower by 2 bps to 2.34%.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs