Good afternoon and welcome to Markets Desk.
Equities are under pressure today as rate anxiety returns to the foreground. The S&P five hundred is off nearly one percent, with the Nasdaq one hundred bearing the brunt of the selling, down close to two percent. Tech weakness is driving the move, compounded by renewed speculation that the Fed may not be finished raising rates, which is pulling risk appetite out of growth names in a hurry.
Staying in fixed income, there's a useful conversation happening around bond fund construction. Schwab's long-term Treasury ETF is drawing renewed attention against iShares' investment grade corporate offering, with the Treasury fund carrying a lower expense ratio and a higher dividend yield. It's a reminder that the label "safer" doesn't always translate into better outcomes for the investor over time.
And on the industrial side, Boeing's chief executive confirmed the company will fire up a new seven thirty seven Max final assembly line in Everett, Washington, on July sixth of next year. The facility is central to Boeing's plan to push Max production to fifty two jets per month, a significant ramp that the manufacturer badly needs as it works to rebuild credibility with airlines and regulators alike.
That's the tape. Markets Desk, signing off the floor.
