Stock Market Update

04-Dec-24 15:35 ET

Treasuries settle with gains

Dow +292.91 at 44998.44, Nasdaq +236.60 at 19717.51, S&P +33.30 at 6083.18

[BRIEFING.COM] The three major indices are in a holding pattern ahead of the close.

Treasuries settled with gains, supporting the positive bias in equities. The 10-yr yield dropped four basis points to 4.18% and the 2-yr yield dropped five basis points to 4.12%.

Looking ahead, Thursday's economic data includes:

8:30 ET: Weekly Initial Claims (Briefing.com consensus 213,000; prior 213,000), Continuing Claims (prior 1.907 mln), and October Trade Balance (Briefing.com consensus -$75.1 bln; prior -$84.4 bln)
10:00 ET: October Factory Orders (prior -0.5%)
10:30 ET: Weekly natural gas inventories (prior -2 bcf)