Equity Markets Are Mostly Flat, But Bonds Are On The Move

Equity Markets Are Mostly Flat, But Bonds Are On The Move

It was a mostly flat start to the market today as the S&P 500 ($SPX) was down . 04%, the Nasdaq 100 NDAQ ($NDX) was down . 03%, and the Dow Jones Industrial Average ($DJI) was down . 03%, while the Russell 2000 offered some strength, up . 08%. There is little in the way of economic news this week, and the earnings calendar is sparse as well, so that will likely lead to lighter trading volumes today and tomorrow. Traditionally, however, the last trading day of the year does see increased activity as investors turn to last-minute tax harvesting. While the equity markets aren't moving much today, the bond markets are a different story. The yield on the 10-year Treasury Note ($TNX) is up 2. 63% today, pushing the yield to 1. 52%. Keep an eye on financial stocks today to see how they react to the bond sell off. While crude oil is down a little today, off . 32%, gold is moving more strongly, down 1. 01%, and is now sitting at $1, 792. 8/oz. One of the big names moving this morning is Tesla TSLA (TSLA), up . 50%. According to regulatory filings, Tesla CEO Elon