|Day's Range||69,906.7578 - 71,057.5547|
|52 Week Range||61,088.0000 - 88,318.0000|
A sharp drop in Brazilian stocks and its currency stoked a decline in emerging-market assets Thursday, as concerns over trade tensions and a rising dollar reverberated around the world. Brazil’s Bovespa index fell 3% to its lowest level of the year and the dollar rose 1.4% against the Brazilian real to 3.9076, its highest value since early 2016. A host of other emerging markets, including South Africa, Mexico and Russia also notched big drops in their stocks or currencies.
Treasury yields swung lower on Wednesday after trading higher in the morning. The 10-year Treasury note yield was down 5.5 basis points to 2.920%, while the 2-year note yield fell 3.2 basis points to 2.488%. The 30-year bond yield slipped 5.9 basis points to 3.070%.
Brazilian stocks jumped on Thursday after a court ruled that former president Luiz Inacio Lula da Silva can be sent to prison while he appeals a corruption conviction.
Investors are holding their breath as Brazil’s high court decides whether a former president begins a prison sentence or continues his campaign to return to office.