November 10, 2017
Equities traded in a narrow range with the S&P and Dow down 0.1 percent and 0.2 percent respectively while the Nasdaq was virtually unchanged. Investors were concerned about the future of promised corporate tax cuts after both the House of Representatives and the Senate offered differing plans. On the week, the Dow was down 0.5 percent while both the S&P and the Nasdaq lost 0.2 percent. Both the Dow and S&P declined for the first week in 2 month. The US dollar posted its worst week in a month. The 2 year note was up 3 basis points to 1.66 percent while the 10 year note added 7 basis points to 2.40 percent. West Texas intermediate fell below $57.