Stock Market Update
21-Aug-24 11:00 ET
Market moves lower after payroll revisions
Dow -76.62
at 40758.35,
Nasdaq +14.45
at 17831.38,
S&P +3.36
at 5600.48
[BRIEFING.COM] The major indices fell to session lows recently. The S&P 500 (+0.1%) and Nasdaq Composite (+0.1%) are still higher than yesterday, but the Dow Jones Industrial Average (-0.2%) trades lower.
A short time ago, the total US Nonfarm payrolls were revised lower by 818,000 jobs. The bond market had a volatile reaction, but yields are little changed now from levels seen before the revisions were released. The 10-yr note yield hit 3.83% before quickly moving to 3.79%. It sits at 3.80% now, which is two basis points lower than yesterday.
The 2-yr note yield hit 4.00% earlier, but sits at 3.94% now, which is six basis points lower than yesterday.
