Stock Market Update
03-Dec-24 10:55 ET
Valuation concerns and rising rates drive some selling
Dow -119.98
at 44662.02,
Nasdaq -17.33
at 19386.62,
S&P -10.79
at 6036.36
[BRIEFING.COM] The major indices are near session lows as Treasury yields move higher. The S&P 500 sports a 0.2% decline and the Dow Jones Industrial Average (-0.3%) shows a 0.3% decline.
The 10-yr yield, which dipped to 4.17% earlier, hit 4.21% in recent action. The 2-yr yield, which dropped to 4.15% earlier, sits at 4.18% now. There's no specific catalyst to account for the increase in selling.
Rising Treasury yields have created a reason for market participants to engage in selling activity amid growing concerns about valuation.
