Stock Market Update

31-Dec-24 11:35 ET
10-yr yield surges, stocks sink
Dow -42.50 at 42531.23, Nasdaq -88.01 at 19398.77, S&P -23.82 at 5883.12

[BRIEFING.COM] Downside moves in the stock market coincided with a surge in the 10-yr Treasury note yield from 4.53% earlier to 4.57%. The Dow Jones Industrial Average trades 0.1% lower than Monday's close and the S&P 500 shows a 0.3% decline.

The equal-weighted S&P 500 shows a 0.1% gain.

Small and mid cap stocks have held up better than their larger peers. The Russell 2000 trades 0.4% higher and the S&P Mid Cap 400 shows a 0.3% gain. The small cap index sits on a 10.4% gain since the start of the year and the mid cap index has a 12.4% gain. 

 

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