Stock Market Update
31-Jul-24 08:33 ET
Treasury yields pullback after data
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +63.00. Nasdaq futures vs fair value: +365.00.
The S&P 500 futures are up 63 points and are trading 1.1% above fair value, the Nasdaq 100 futures are up 365 points and are trading 1.7% above fair value, and the Dow Jones Industrial Average futures are up 84 points and are trading 0.2% above fair value.
The ADP Employment Change estimated 122,000 private payrolls were added in July (Briefing.com consensus 160,000) following a revised increase of 155,000 in March (from 150,000).
The Employment Cost Index rose 0.9% in Q2 (Briefing.com consensus 1.0%) following a 1.2% increase in Q1.
Treasury yields are lower after the data. The 10-yr note yield, at 4.14% earlier, sits at 4.12% now. The 2-yr note yield, at 4.36% earlier, sits at 4.33% now.
