Stock Market Update

18-Jun-24 13:30 ET
Boeing, McDonald's underperform in DJIA on Tuesday
Dow +7.28 at 38785.38, Nasdaq +15.14 at 17872.16, S&P +11.77 at 5485.00

[BRIEFING.COM] The Dow Jones Industrial Average (+0.02%) has seesawed between gains and losses in the last half hour.

A look inside the DJIA shows that Boeing (BA 174.35, -4.04, -2.26%), McDonald's (MCD 249.55, -3.96, -1.56%), and Intel (INTC 30.67, -0.31, -1.00%) are among today's worst decliners.

Meanwhile, Goldman Sachs (GS 456.58, +6.40, +1.42%) is atop the standings.

The DJIA is up about +0.1% week-over-week.

Elsewhere, recent action saw a push to fresh highs as the market responded to the just-completed $13 bln 20-yr bond reopening, which met excellent demand. The sale drew a high yield of 4.452%, which stopped through the when-issued yield by 2.8 basis points while the bid-to-cover ratio (2.74x vs 2.63x average) and indirect takedown (77.9% vs 69.2% average) were comfortably above average. The recent uptick to highs makes for a continuation of today's bounce that was sparked by a below-consensus Retail Sales report for May (actual 0.1%; Briefing.com consensus 0.3%), returning yields to their closing levels from last week.

Cookies are essential for making our site work. By using our site, you consent to the use of these cookies. Read our cookie policy to learn more.