The Dow Jones industrial Average (ETF: DIA) came off a 4 year high falling 19 points closing at 12,843, down 0.14%. In terms of individual Stocks, Alpha Natural Resources (ANR) got a lift as it announced that it would scale back its coal production efforts. Micron Technologies (MU) fell reflecting Friday’s misfortune involving the CEO have a fatal plane accident. Shares of the toymaker Hasbro (HAS) rose as earnings came in a penny over expectations.
In terms of the treasury bond market, the iShares Barclays 20 Year Treasury Bond Fund (TLT) rose exactly 1.0% to $117.17. Junk bonds rose slightly as represent by the iShares iBoxx $ High Yield Corporate Bond Fund (HYG) ending higher 2 cents at $90.74. The lack of movement in Junk bonds reflects conflicting trends: an improving US economy and danger that the crisis in Europe may set-back all US progress.