Stock Market Update
06-Sep-24 11:00 ET
Stocks lower, yields lower
Dow -130.55
at 40625.20,
Nasdaq -283.90
at 16843.74,
S&P -50.60
at 5452.81
[BRIEFING.COM] The market is in a steady decline. The major indices all trade at session lows, leading the S&P 500 (-1.4%) and Dow Jones Industrial Average (-2.1%) to trade sharply lower.
The deterioration coincided with Treasury yields turning lower. The 10-yr note yield is down six basis points to 3.67% and the 2-yr note yield is down eight basis points to 3.67%.
The 10-yr yield hit 3.66% immediately following the jobs report and moved up to 3.75% before the recent pullback.
