Stock Market Update
04-Oct-24 15:35 ET
Sharp move in market rates doesn't deter equity market
Dow +286.52
at 42298.11,
Nasdaq +197.56
at 18116.04,
S&P +43.59
at 5743.53
[BRIEFING.COM] The Dow Jones Industrial Average (+0.6%) and S&P 500 (+0.7%) trade near session highs in front of the close.
The equity market has maintained a positive bias through the entire session despite the sharp move higher in market rates. The 10-yr yield settled 13 basis points higher at 3.98% and the 2-yr yield settled 22 basis points higher at 3.93%.
The 10-yr yield was 23 basis points higher on the week and the 2-yr yield was 37 basis points higher for the week.
