Nasdaq, S&P 500 Fall as Bond Yields Tick Higher

The 10- and 1-year Treasury yields surged midday

Deputy Editor
Mar 1, 2023 at 4:28 PM
facebook X logo linkedin

Wall Street took another step back Wednesday, as bond yields extended their February rise. The 10-year Treasury yield topped 4% for the first time since November, while the 1-year yield moved above 5%, though both pulled back before the session's end. In response, the S&P 500 and Nasdaq both logged modest losses, while the Dow eked out a fractional win. Nevertheless, the Cboe Volatility Index (VIX) fell for the third-straight day.

Continue reading for more on today's market, including:

  • Avoid these two bank stocks in March.
  • What weighed on Lowe's stock today?
  • Plus, 2022's best options trades; NVAX at two-year lows; and AMC calls pop.

closing summary mar1

nyse nasdaq Mar1

5 Things to Know Today 

  1. Mortgage demand from homebuyers fell for a third-straight week, hitting a 28-year low. (CNBC)
  2. Lawmakers are considering a plan to raise the full retirement age to around 70 years old. (MarketWatch
  3. The best performing stocks for options traders since 2022.
  4. It's not looking good Novavax stock.
  5. Why call traders blasted AMC stock today.

Earnings Mar1


Oil Prices Close Near 2-Week High

Oil futures closed at their highest level in nearly two weeks, following a 10th straight weekly rise in crude inventories. April-dated crude futures tacked on 64 cents, or 0.8%, to close at $77.69 per barrel.

Following their worst month since 2021, gold prices turned in a win Wednesday. For the session, April-dated gold futures added $8.70, or roughly 0.5%, to settle at $1,845.40 per ounce.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI