Stock Market Update
15-Aug-24 15:05 ET
Real estate sector underperforms, clipped by higher rates
Dow +515.47
at 40523.86,
Nasdaq +394.56
at 17587.16,
S&P +85.53
at 5540.74
[BRIEFING.COM] The three major indices moved mostly sideways at session highs over the last half hour.
Only one S&P 500 sector remains in negative territory while the consumer discretionary (+3.3%) and information technology (+2.4%) sectors lead by a decent margin. The rate-sensitive real estate sector is trading 0.1%, clipped by higher market rates.
The 10-yr yield sits at 3.92% and the 2-yr yield sits at 4.10%.
