Stock Market Update
05-Nov-24 15:30 ET
Treasuries settle mixed
Dow +372.56
at 42167.16,
Nasdaq +248.10
at 18428.09,
S&P +63.10
at 5775.79
[BRIEFING.COM] Stocks remain steady near intraday highs after Treasuries settled in mixed fashion.
The 10-yr yield settled two basis points lower at 4.29% and the 2-yr yield settled three basis points higher at 4.21%. This price action followed the ISM Services PMI for October (56.0%; Briefing.com consensus 53.5%), which showed an unexpected acceleration from September's reading (54.9%). It was also in response to today's $42 billion 10-yr note sale, which met solid demand.
Separately, CVS Health (CVS), Sunoco LP (SUN), Teva Pharma (TEVA), Johnson Controls (JCI), Shopify (SHOP), and others report earnings in front of Wednesday's open.
