Stock Market Update
16-Jul-24 15:05 ET
Stocks move higher as yields decline
Dow +718.56
at 40930.28,
Nasdaq +14.36
at 18486.93,
S&P +30.09
at 5661.31
[BRIEFING.COM] The major indices moved higher over the last half hour. The S&P 500 sports a 0.6% gain, trading near its session high.
Upside moves coincided with Treasury yields moving lower. The 10-yr note yield is at 4.17%, down six basis points from yesterday, and the 2-yr note yield is at 4.44%, down one basis point from yesterday.
Mega cap stocks continue to lag index performance. The Vanguard Mega Cap Growth ETF (MGK) shows a 0.3% decline.
