Stock Market Update

16-Sep-24 15:25 ET
Major indices move sideways ahead of the close
Dow +196.99 at 41590.77, Nasdaq -112.81 at 17571.15, S&P +0.98 at 5627.00

[BRIEFING.COM] The three major indices trade move mostly sideways ahead of the close. 

The 10-yr yield settled three basis points lower at 3.62% and the 2-yr yield settled two basis points lower at 3.56%. 

Looking ahead to Tuesday, market participants receive the August Retail Sales report at 8:30 ET. Other data include:

  • 9:15 ET: August Industrial Production (Briefing.com consensus 0.1%; prior -0.6%) and Capacity Utilization (Briefing.com consensus 77.9%; prior 77.8%)
  • 10:00 ET: July Business Inventories (Briefing.com consensus 0.4%; prior 0.3%) and September NAHB Housing Market Index (Briefing.com consensus 41; prior 39)
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