Market Recap for Wednesday, September 27, 2017
U.S. stocks were lifted at least in part by rising treasury yields. The 10 year treasury yield ($TNX) spiked 8 basis points and that represents a significant selloff in treasuries. Those proceeds tend to be reinvested in equities and that was certainly the case on Wednesday. The Russell 2000 ($RUT) has been on fire and it rose nearly 2% in another emphatic relative strength statement. The NASDAQ gained more than 1% and both the Dow Jones and S&P 500 rose as well. Clearly, however, the day belonged to the more aggressive stocks found on the Russell 2000 and NASDAQ.