Stock Market Update
19-Dec-24 15:25 ET
Stocks maintain gains ahead of the close; Yields settle mixed
Dow +186.18
at 42513.05,
Nasdaq +49.15
at 19480.33,
S&P +22.95
at 5894.81
[BRIEFING.COM] The stock market has moved mostly sideways at the index level in recent trading.
The Treasury market closed somewhat mixed. The 2-yr yield dropped three basis points to 4.32% and the 10-yr yield jumped another eight basis points to 4.57%.
Looking ahead, Friday's calendar features the Fed's preferred gauge on inflation (core-PCE Price Index), which could have an outsized impact on markets following this week's FOMC announcement and acknowledgement that the committee expects less rate cuts than prior estimates.
