Stock Market Update
30-Dec-24 15:40 ET
Treasuries settle with gains in safe-haven trade
Dow -341.11
at 42651.28,
Nasdaq -183.65
at 19576.87,
S&P -52.90
at 5917.66
[BRIEFING.COM] Stocks continue to move in a lateral flow. The S&P 500 is stuck below its 50-day moving average (5,942).
Treasuries settled with gains, benefitting from safe-haven buying and rebalancing activity as stocks succumbed to selling interest that started on Friday. The 10-yr yield settled seven basis points lower at 4.55% and the 2-yr yield settled eight basis points lower at 4.25%.
Looking ahead, Tuesday's economic lineup features:
- 09:00 ET: October FHFA Housing Price index (prior 0.7%)
- 09:00 ET: October S&P Case-Shiller Home Price index (Briefing.com consensus 4.2%; prior 4.6%)
