Stock Market Update
25-Nov-24 11:05 ET
Retailers, homebuilders outperform
Dow +356.21
at 44652.72,
Nasdaq +94.55
at 19098.23,
S&P +22.31
at 5991.66
[BRIEFING.COM] The three major indices moved off session highs while the Russell 2000 (+2.3%) and S&P Mid Cap 400 (+2.1%) extended initial gains.
The S&P 500 consumer discretionary (+1.6%) continues to show strength, bolstered by gains in its mega cap components, along with outsized moves in retailers and homebuilders. The SPDR S&P Retailers ETF (XRT) shows a 4.5% gain and the SPDR S&P Homebuilder ETF (XHB) sports a 5.0% gain. The XRT and XHB reached fresh 52-week highs today.
Elsewhere, the 2-yr yield is at 4.31%.
