Stock Market Update
18-Dec-24 15:10 ET
Stocks slide, yields rise
Dow -505.28
at 42944.62,
Nasdaq -381.56
at 19765.99,
S&P -83.30
at 5967.31
[BRIEFING.COM] The stock market is sharply lower and yields are sharply higher as Fed Chair Powell gives his press conference. The S&P 500 sports a 1.5% decline, the Nasdaq Composite shows a 2.1% decline, and the Russell 2000 trades 2.0% lower.
The equal-weighted S&P 500 is down 1.5% and all 11 S&P 500 sectors sport declines.
The 10-yr yield, at 4.39% before 2:00 ET, jumped to 4.49%. The 2-yr yield, at 4.22% before 2:00 ET, surged to 4.35%.
