Stock Market Update
05-Aug-24 12:00 ET
Rate sensitive sectors outperform S&P 500
Dow -834.56
at 38902.50,
Nasdaq -491.56
at 16284.61,
S&P -127.89
at 5218.67
[BRIEFING.COM] There hasn't been much up or down movement at the index level in recent action.
The rate-sensitive real estate (-0.9%) and utilities (-1.2%) sectors are some of the "best" performers today after market rates sank last week.
Treasury yields are little changed from Friday now. The 2-yr note yield is up three basis points to 3.90% and the 10-yr note yield is unchanged at 3.79%.
