Stock Market Update

17-Sep-24 15:35 ET
Stocks stick to narrow ranges ahead of the close
Dow -78.60 at 41543.48, Nasdaq +3.41 at 17595.52, S&P -8.78 at 5624.31

[BRIEFING.COM] The market is moving mostly sideways ahead of the close. 

The 10-yr yield settled two basis points higher at 3.64% and the 2-yr yield settled three basis points higher at 3.59%.

Going into tomorrow, the fed funds futures market sees a 63.0% implied likelihood of a 50-bps rate cut, up from 34.0% a week ago, according to the CME FedWatch Tool.

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