Stock Market Update

07-Aug-24 13:30 ET
Averages dip into the red, now slightly higher; Apple, Goldman among top DJIA gainers
Dow +65.93 at 39063.59, Nasdaq +49.21 at 16416.07, S&P +18.89 at 5258.92

[BRIEFING.COM] The Dow Jones Industrial Average (+0.17%) is slightly higher now, having dipped its toes in negative territory in the last half hour alongside its fellow major averages.

A look inside the DJIA shows that Apple (AAPL 211.53, +4.30, +2.07%), Salesforce (CRM 242.71, +4.29, +1.80%), and Goldman Sachs (GS 477.64, +7.42, +1.58%) hold decent gains.

Meanwhile, Amgen (AMGN 309.46, -49.49, -5.92%) is underperforming.

The DJIA trims weekly losses to -1.70%.

Elsewhere, U.S. Treasuries have slipped past their morning lows in reaction to today's $42 bln 10-yr note sale, which met weak demand. The auction drew a high yield of 3.960%, which tailed the when-issued yield by 3.1 bps while the bid-to-cover ratio (2.32x vs 2.52x average) and indirect takedown (66.2% vs 66.9%) were below average. With the post-auction selling, the 10-yr yield is now back at its closing level from Thursday and up 17 bps for the week.

Cookies are essential for making our site work. By using our site, you consent to the use of these cookies. Read our cookie policy to learn more.