Stock Market Update
02-Dec-24 14:00 ET
Rate-sensitive sectors underperform equity market
Dow -86.99
at 44823.66,
Nasdaq +176.90
at 19393.79,
S&P +15.11
at 6047.49
[BRIEFING.COM] The three major indices moved mostly sideways in recent trading.
The rate-sensitive real estate (-1.5%) and utilities (-1.7%) sectors underperform the broader equity market despite a pullback in market rates. The 2-yr note yield, which topped 4.22% earlier, is back to 4.19%, and the 10-yr note yield, which hit 4.24% earlier, sits at 4.19%.
Elsewhere, the US Dollar Index is up 0.7% to 106.50.
