Stock Market Update

29-Jul-24 15:35 ET

Treasuries settle little changed

Dow +9.86 at 40599.00, Nasdaq +50.13 at 17408.01, S&P +14.60 at 5473.70

[BRIEFING.COM] The three major indices are trading in relatively narrow ranges heading into the close.

The 10-yr note yield declined two basis points to 4.18% and the 2-yr note yield settled unchanged at 4.39%. Also, the U.S. Treasury announced that it expects to borrow $740 billion in Q3, $106 billion less than anticipated in April. Q4 borrowing is expected to reach $565 billion.

Looking ahead, Tuesday's economic lineup features:

9:00 ET: May FHFA Housing Price Index (prior 0.2%) and May S&P Case-Shiller Home Price Index (Briefing.com consensus 6.8%; prior 7.2%)
10:00 ET: July Consumer Confidence (Briefing.com consensus 99.8; prior 100.4)