Stock Market Update

17-Jul-24 15:35 ET

Stocks hold steady ahead of the close

Dow +245.56 at 41200.04, Nasdaq -477.77 at 18031.57, S&P -71.19 at 5596.01

[BRIEFING.COM] The three major indices have traded mostly sideways in recent action.

The 2-yr note yield declined one basis point to 4.43% and the 10-yr note yield declined two basis points to 4.15%.

Looking ahead to Thursday, market participants will receive the following economic data:

8:30 ET: Weekly Initial Claims (Briefing.com consensus 225,000; prior 222,000), Continuing Claims (prior 1.852 mln), and July Philadelphia Fed survey (Briefing.com consensus 2.9; prior 1.3)
10:00 ET: June Leading Indicators (Briefing.com consensus -0.3%; prior -0.5%)
10:30 ET: Weekly natural gas inventories (prior +65 bcf)
16:00 ET: May Net Long-Term TIC Flows (prior $123.1 bln)