The major US indices are closing low on the day, however, indices or lower on the day before rebounding into the close.
Equity markets are a bit anxious before the FOMC rate decision tomorrow at 2 PM ET. Yields also provided a headwind with the 10-year yield now up 4.6 basis points. The 5-year yield is up 5.5 basis points. Both are trading near 2007 levels.
A snapshot of the closing levels shows:
The Russell 2000 small-cap stocks was the worst performer. It fell -7.77 points or -0.42% on the day.
This article was written by Greg Michalowski at www.forexlive.com.