Treasurys Rally as Investors Move to Safer Havens

Adviser Investments Vice President Chris Hagan has the market analysis for Thursday, May 23. Despite rebounding from intraday lows, major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. indexes once again ended the day with declines. The Dow Jones Industrial Average, S&P 500 and NASDAQ fell 1.1%, 1.2% and 0.2%, respectively, on lingering trade-related concerns. Meanwhile, 10-year Treasury yieldsYield is a measure of the income on an investment in relation to the price. There are several ways to measure yield. The current yield of a security is the income over the past year (either dividends or coupon payments) divided by the current price. fell to their lowest level since 2017 as investors sought refuge in Treasurys, gold and utilities. Oil prices also continued their decline, dropping an additional 6% and are currently on target for the worst weekly returns of 2019. Meanwhile, Best Buy beat first-quarter earnings expectations; however, the electronics retailer opted not raise its full-year forecast because of tariff-related uncertainty.