The major averages closed mixed on the day and the week as Congress ended the government shutdown. The Dow Jones Industrial Average lost 309 points, or 0.65%, to settle at 47,147. The S&P 500 fell 3 points to 6734 while the Nasdaq Composite rose 30 points, snapping a three day losing streak, after falling 400 points in the morning session. Today’s recovery comes after the worst one-day performance since Oct. 10 with the Dow falling about 800 points while the Nasdaq fell 2%. For the week, the Nasdaq fell 0.5% while the S&P 500 and the Dow gained 0.1% and 0.3%, respectively.

The tech sector was headed for an ugly week only to recover from the morning lows. Micron led the rally up 4%, dragging the sector with it. Many of the big cap techs like Apple, Google and Amazon still finished in the red.

Thursday posted their worst one-day performance since Oct. 10. The 30-stock Dow lost about 800 points, taking back gains seen in Wednesday’s session when it crossed the 48,000 level. The Nasdaq plummeted more than 2%, as technology giants came away battered.

While techs slumped, healthcare stocks rebounded as the sector rose 3%.

Interest rates rose as investors await an onslaught of economic data with the government shutdown ending. The 10-year Treasury yield rose 3 basis points to 4.14%. The 2-year note yield advanced 2 basis points to 3.6%. The 30-year bond yield rose 4 basis points to 4.74%.

In the commodity space, oil rose 2% as Ukraine attacked one of Russia’s largest oil export ports. Gold was down 2%, but remains above $4000 while crypto currencies continue to take it on the chin giving up most of their gains for the year.

All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it’s usage.