May 22, 2018
Accelerating activity together with sharp increases in raw material prices are the continuing signals of stress coming out of the factory sector, this time the Richmond Fed report. The Dow, after yesterday's 1.2 percent rally, fell 0.7 percent to 24,843. The 10-year Treasury yield, at 3.06 percent, held steady as did the dollar index at 93.60. Oil is holding just over $72 and gold at $1,290.