Stock Market Update
13-Jun-24 15:00 ET
Major indices near session highs
Dow -40.94
at 38671.27,
Nasdaq +55.84
at 17664.28,
S&P +11.08
at 5432.11
[BRIEFING.COM] The major indices are at or near session highs, building upside momentum. Market breadth is still negative, though. Decliners lead advancers by a roughly 2-to-1 margin at the NYSE and at the Nasdaq.
The recent improvement coincided with NVIDIA (NVDA 129.30, +4.11, +3.3%) hitting session highs and Treasury yields moving slightly lower. The 10-yr note yield moved from 4.25% to 4.24%.
Semiconductor stocks are also contributing to index gains and leading the PHLX Semiconductor Index (SOX) to trade 1.4% higher.
