Stock Market Update

30-Sep-24 12:00 ET
Keeping eye on oil and geopolitics
Dow -111.62 at 42201.38, Nasdaq +9.35 at 18128.92, S&P +0.34 at 5738.51

[BRIEFING.COM] The market took a dip, but was quick to recover most of what was lost in that dip. There is a Washington Post report that indicates Israel has told the U.S. that it is planning an imminent ground operation in Lebanon.

WTI crude futures $69.03, +0.85, +1.3%) and Brent crude futures ($72.42, +0.88, +1.2%) have seen an upward reversal in today's session, but still don't convey any type of panic buying related to these reports.

The S&P 500 energy sector is up 0.2%.

Strikingly, such reports have not triggered a flight-to-safety trade in Treasuries, which are sitting near their lows (in price) for the day. The 2-yr note yield is up five basis points to 3.61% and the 10-yr note yield is up three basis points to 3.78%.

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