Stock Market Update
03-Oct-24 15:35 ET
Treasuries settle lower after strong ISM Services data
Dow -239.56
at 41956.96,
Nasdaq -51.01
at 17874.12,
S&P -20.46
at 5689.08
[BRIEFING.COM] There hasn't been up or down action in the major indices heading into the close.
The 10-yr yield settled seven basis points higher at 3.85% and the 2-yr yield settled seven basis points higher at 3.71%. This price action followed the release of the September ISM Non-Manufacturing Index, which beat expectations.
Tomorrow's calendar features the release of the Employment Situation report for September at 8:30 ET. Market participants will be focused on how the Fed may think about rate cuts following the labor market data.
