Stock Market Update
29-Jul-24 10:30 ET
Mixed market as yields move slightly higher
Dow -136.56
at 40452.58,
Nasdaq +91.48
at 17449.36,
S&P +9.93
at 5469.03
[BRIEFING.COM] The S&P 500 and Nasdaq Composite are trading up 0.3% and 0.6%, respectively.
Market breadth reflects mixed action under the surface, though. Advancers have a fractional lead over decliners at the NYSE and decliners lead advancers by an 11-to-10 margin at the Nasdaq. Also, the Invesco S&P 500 Equal Weight ETF (RSP) shows a 0.1% decline.
Treasuries are moving off earlier low yields, adding some pressure to the equity market. The 10-yr note yield was at 4.16% earlier, but sits at 4.18% now. The 2-yr note yield was at 4.36% earlier, but sits at 4.39% now.
