S&P 500 Snapshot: Mid-Week Rally

The S&P 500 rallied on Wednesday after the Fed announced it may slow its rate hikes as soon as its next meeting. The index was only up one out of five days this week, but is down 14.6% YTD and is 15.1% below its record close.
S&P 500

The U.S. Treasury puts the closing yield on the 10-year note as of December 2 at 3.51% which is above its record low (0.52% on 8/4/2020). The 2-year note is at 4.28%. See our latest Treasury Snapshot here.

S&P 500

Here's a snapshot of the index going back to 2012.