Dow went up 67, decliners over advancers over 3-1 & NAZ added 9.  The MLP index pulled back 3 to the 233s & the REIT index dipped 2+ to the 382s.  Junk bond funds fluctuated & Treasuries were sold, raising yields after their recent rise.  Oil lost 1+ to the 75s following recent strength & gold declined 4 to 1959.

AMJ (Alerian MLP Index tracking fund)

  The stock rose 90¢.
If you would like to learn more about JPM, click on this link:
club.ino.com/trend/analysis/stock/JPM_aid=CD3289&a_bid=6aeoso5b6f7

JPMorgan Chase beats analysts’ estimates on Higher rates, better-than-expected bond trading

  The stock fell 1.36.
If you would like to learn more about Citi, click on this link:
club.ino.com/trend/analysis/stock/C_aid=CD3289&a_bid=6aeoso5b6f7

Citigroup posts better-than-expected earnings and revenue

The yield on the benchmark 10-year Treasury note rose 3 basis points to 3.789%, while the 2-year yield climbed over 7 basis points to 4.683%.  Yields move inversely to prices.  Investors were reacting yesterday to the Jun producer price index, which showed a weaker-than-expected monthly rise of 0.1% on both the headline & core metrics.  That followed Wed's consumer price index, which came in at an annualized 3% for Jun, below expectations & its lowest level since Mar 2021.  Fed officials have reiterated that the battle against inflation is far from over & the market is broadly pricing in a qtr-point interest rate hike at the central bank's next meeting later this month.

Treasury yields rise after two-day slide

Dow Jones Industrials