"While none of the major indices ended the day higher, as some did on Monday, they all recovered sharply from their lows. The small-cap Russell 2000 took the biggest hit on Tuesday, closing down 1.79% at 2,608, with the Nasdaq not far behind, finishing the session at 22,516, down 1.02%."
"In a replay of Monday, yields were higher across the Treasury curve as investors try to gauge the need for seemingly safe investments, such as Treasury debt, which has risen sharply over the last year. Stubborn inflationary pressures and rising oil prices from the war with Iran are prompting investors to demand higher returns."
"Just as with stocks, spot energy pricing, which was up almost 9% in early trading, eased back as the day went on, and while the benchmarks closed higher, the damage was much less than earlier in the day. Brent Crude closed Tuesday at $81.94, up 5.4%, while West Texas Intermediate was last seen at $74.56, up 4.7%."
Markets traded mixed on Tuesday as investors bought dips following an initial 1,100-point plunge, though all major indices closed lower. The Russell 2000 fell 1.79%, Nasdaq dropped 1.02%, S&P 500 declined 0.94%, and Dow Jones fell 0.83%. Treasury yields rose across the curve as investors demanded higher returns due to stubborn inflation and rising oil prices from geopolitical tensions. Energy prices surged significantly, with Brent Crude closing up 5.4% at $81.94 and West Texas Intermediate up 4.7% at $74.56. Natural gas gained 3.18%. Gold declined due to a stronger dollar and profit-taking after recent rallies. Overall volatility remained elevated but panic selling had not materialized.
Read at 24/7 Wall St.
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