Stock Market Update
06-Aug-24 12:10 ET
Commodity futures rebound; Yields remain near highs
Dow +462.95
at 39166.22,
Nasdaq +280.65
at 16480.74,
S&P +88.30
at 5274.63
[BRIEFING.COM] There was a small dip at the index level in recent trading, but major indices quickly returned to session highs.
Commodity futures are rebounding, providing a measure of support to the S&P 500 energy sector (+1.0%). WTI crude oil futures are up 1.1% to $73.73/bbl and natural gas futures are up 4.2% to $2.03/mmbtu.
Elsewhere, Treasury yields are near intraday highs. The 10-yr yield is at 3.87% and the 2-yr yield is at 4.00%.
