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Afternoon Note

Mixed Note

By Karina Hernandez, Senior Research Analyst
5/8/2024 1:49 PM

It’s a mixed note for stocks today as the latest earnings reports and Fed speakers set the tone for the day.

The Fed speaker parade continues with speeches from Fed Collins and Cook scheduled for later today.

Utilities (XLU) hit a 52-week high today at $70.13 and is the best performing sector this afternoon.

It was not a great 10-year auction, as investors demand a higher yield to hold duration. The 10-year auctions are consistently having the worst auctions lately.



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