Financial Review

…Stocks dip ahead of a big earnings week. Wells Fargo’s $1 billion fine. Payday lenders skate. AZ teachers strike. Students walk out of class for gun reform. The 420 break. Financial Review by Sinclair Noe for 04-20-2018 DOW – 201 = 24,462 SPX – 22 = 2670 NAS – 91 = 7146 RUT – 9 = 1564 10 Y + .04 = 2.95% OIL – .03 = 68.26 GOLD – 10.10 = 1336.20   Despite today’s declines, the 3 major stock indices gained about a half a percent for the week. The 10-year Treasury yield reached its highest level since January 2014 as a bond selloff continued for a second day, driving the yield curve steeper after two weeks of flattening. Meanwhile, the two-year yield hit 2.46 percent, its highest level since Sept. 8, 2008.   Procter & Gamble fell 2.9 percent on top of a 4.2 percent drop the day before when it said shrinking retailer inventories and higher costs squeezed its margins. Philip Morris also had a second day of declines after getting crushed due to weak shipment volumes in its quarterly report.   Apple fell 4.1 percent