
The 1:02 tape was a draft. 4 p.m. is the grade.
Associated Press / WTOP, Tuesday 4:21 p.m. ET: Dow Jones 52,093.11, down 328.09, โ0.6%. S&P 500 7,585.73, down 34.25, โ0.4%. Nasdaq Composite 25,981.57, down 204.84, โ0.8%. Russell 2000 2,870.29, down 21.95, โ0.8%. Midday we had Dow 52,060.90 at 1:02. The last hours took a little back. Mondayโs close remains 52,421.20. This is day two in the red.
Los Angeles Times / WSJ: Brent climbed 2.9% to settle at $108.75. That is not the $108.80 Yahoo print we timestamped at 12:52, and not Yahoo BZ=F $108.30 at 6:52 p.m. AP: oil and the bond market cranked the pressure. WSJ: the 10-year tagged 5.04%, highest since 2007, then closed about 4.995%. Yahoo ^TNX: 4.996. Yahoo WTI (CL=F) last $105.34. Nvidia $212.17, off Mondayโs $210.96. Bitcoin about $75,823 at 7:11 p.m. ET.
FOMC is sitting. Chair Kevin Warsh. The statement is Wednesday 2 p.m. ET. Funds are still 3.50โ3.75% until they vote. A $108 handle is not a hike.
What this means for you
If you needed 1:02, that was 52,061. If you needed the close, it is 52,093. If you needed the Fed, wait until they vote. Not investment advice.
Bottom line: Dow 52,093. Brent $108.75 settle. 1:02 is retired. Vote is Wednesday 2 p.m.
GLHR NEWS explains the news. Not investment, tax, or trading advice. Do your own work before you act.
