Treasury Market Summary: Wall Street continued its choppy ways as the week came to an end. The market got off to a rocky start after stumbling in European action where rising virus cases and resumption of containment measures left a more bearish tone. And a disappointing headline on durable goods orders sparked selling pressures as it played into worries that the recovery is losing steam. The lack of additional fiscal stimulus is adding to the frustrations. However, dip buyers stepped in to boost the major indexes and momentum accelerated into the close. Tech again led the way with the NASDAQ surging 2.26%, but gains were broadbased with the S&P 500 and Dow over 1.3% firmer. The NASDAQ managed a 1.1% rally on the week, though the broader indexes closed in the red again for the worst stretch in a year. Treasuries caught an early safety bid due to the growing angst, with yields fall slid to multi-week lows after the data. But rates closed off their nadirs as stocks rebounded. The only data was durable goods where the guts of the report were much better than the headline. View the summary.

Periodicals