Stock Market Update
08-Nov-24 11:40 ET
Treasury yields higher after initial dip in response to consumer sentiment
Dow +250.20
at 43979.54,
Nasdaq -9.29
at 19260.16,
S&P +20.56
at 5993.67
[BRIEFING.COM] The major indices settled into a sideways flow in recent action.
Treasury yields moved higher after sinking in response to the preliminary November University of Michigan Consumer Sentiment survey, which jumped to 73.0 (Briefing.com consensus 70.6) from 70.5 in October. The 10-yr yield was at 4.27% earlier, but sits at 4.31% now. The 2-yr yield was at 4.17% earlier, but sits at 4.24% now.
Separately, oil prices are sharply lower, weighing on energy-related stocks. WTI crude oil futures are down 2.9% to $70.24/bbl.
