Currently, the major averages remain on opposite sides of the unchanged line. While the Nasdaq is down 3.01 points or 0.1% at 4,595.18, the Dow is up 63.88 points or 0.4% at 17,131.44 and the S&P 500 is up 4.02 points or 0.2% at 2,006.30.
The initial strength on
Ukrainian President Petro Poroshenko released a statement indicating that a phone conversation with Russian President
Poroshenko toned down an earlier statement announcing a "permanent ceasefire" agreement following denials from the Kremlin.
The Kremlin noted that Putin and Poroshenko expressed largely similar views on possible ways to end the crisis but argued that Putin could not agree to a ceasefire because
Early buying interest was also generated by upbeat economic news out of
Nonetheless, traders seemed somewhat reluctant to continue buying stocks ahead of the
Despite the subsequent pullback by the broader markets, notable strength remains visible among steel stocks. The NYSE Arca Steel Index is up by 1.6%, with the strength in the sector coming on the heels of news that
Utilities and railroad stocks also continue to see some strength on the day, while weakness has emerged among airline and housing stocks.
In overseas trading, stock markets across the
The major European markets have also shown notable moves to the upside on the day. While the German
In the bond market, treasuries are seeing modest weakness, extending yesterday's notable downward move. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, is up by 1.6 basis points at 2.435%.
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