February 22, 2019

Market News

Stocks advanced Friday with the DJIA climbing 91 points to 25,942. Companies like Intel and Boeing, tied to Chinese growth, rallied. Global stocks jumped this week, continuing their sharp rallies due to the growing hope that the U.S and China strike a trade deal.

Bond prices are slightly flat. Treasuries are also rallying with the 10-year yield at 2.679%. Treasuries across the curve saw yields increase. The market reacted to reports that the U.S. and China are working on six memorandums that would pave the way to a final trade deal.

 

Josh Pappert – VP, Capital Markets
Nations Direct Mortgage