The European indices close mostly lower ...Middle East

A snapshot of the closing levels shows:

German DAX, -0.41%France's CAC, +0.44%. UK's FTSE 100, -0.11%.Spain's Ibex, -0.65%Italy's FTSE MIB, -0.72%

Dow industrial average is up 111 points or 0.25% at 45528.20S&P index is up 13.19 points or 0.20% at 6479.28.NASDAQ index is up 40.58 points or 0.19% at 21585.25

With the gains in the S&P index, it would represent a new record close for the index. The previous high close was at 6468.54.

Looking at the US yields, they have come off of their highs but the yield curve remains more positive.

2-year yield 3.643%, -0.1 basis points5 year yield 3.737%, unchanged10 year yield 4.273%, +1.7 basis points30 year yield 4.943%, +3.6 basis points.

The 2 – 10 year spread is at 63 basis points. The earlier this year on April 17, the spread extended up to 64.8 basis points. That was the highest level going back to January 2022.

This article was written by Greg Michalowski at investinglive.com.

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