Stock Market Update
02-Jul-24 10:35 ET
Lacking conviction in mixed market
Dow -24.31
at 39145.21,
Nasdaq +16.68
at 17895.98,
S&P +0.98
at 5476.07
[BRIEFING.COM] The major indices are little changed over the last half hour.
Seven of the S&P 500 sectors are trading higher led by consumer discretionary (+1.0%) and real estate (+0.5%). The health care (-0.8%) and information technology (-0.2%) sectors show the largest declines. Still, moves in either direction have been limited due to a lack of conviction from either buyers or sellers.
A short time ago, Fed Chairman Jerome Powell indicated he thinks inflation could get back to 2% in late 2025 or 2026.
