Stock Market Update
04-Dec-24 11:05 ET
Rates drop, equities rise
Dow +178.57
at 44884.10,
Nasdaq +190.38
at 19671.29,
S&P +24.06
at 6073.94
[BRIEFING.COM] The stock market continues to move higher as market rates drop following this morning's economic data. The major indices show gains ranging from 0.4% to 1.0%.
The 10-yr yield is down one basis point from yesterday at 4.21% and the 2-yr yield is down two basis points to 4.15%.
Separately, the weekly EIA Crude Oil Inventories showed a draw of 5.07 million barrels following last week's draw of 1.84 million barrels. WTI crude oil futures are flattish today, trading at $69.98/bbl.
