Stock Market Update
04-Sep-24 08:34 ET
Treasury yields move slightly higher after trade deficit data
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -27.00. Nasdaq futures vs fair value: -122.00.
The S&P 500 futures are down 25 points and are trading 0.4% below fair value, the Nasdaq 100 futures are down 122 points and are trading 0.7% below fair value, and the Dow Jones Industrial Average futures are down 57 points and are trading 0.2% below fair value.
The trade deficit increased to $78.8 billion in July (Briefing.com consensus $78.5 billion) from $73.0 billion in June (revised from $73.1 billion).
Treasury yields moved higher in response. The 10-yr note yield moved from 3.81% to 3.84% and the 2-yr note yield moved from 3.83% to 3.86%.
