Stock Market Update

[BRIEFING.COM] The three major indices are in sideways flow ahead of the closing bell. The S&P 500 trades 0.2% higher. 

Treasuries settled mixed after another batch of solid economic data. The U.S. S&P Global Services PMI for November showed an acceleration in services sector activity. Manufacturing PMI remained in contraction, but at a slower pace than what was seen in October. The final reading of the University of Michigan's Consumer Sentiment for November showed a dip to 71.8 from 73.0 in the preliminary reading, but it was still above October's final reading of 70.5.

The 10-yr yield settled two basis points lower at 4.41% and the 2-yr yield settled two basis points higher at 4.37%.