Stock Market Update

[BRIEFING.COM] The major indices are at session highs heading into the close. 

The 10-yr yield settled 14 basis points lower at 4.65% and the 2-yr yield settled ten basis points lower at 4.26%. The 30-yr bond yield, which settled just below 5.00% yesterday, declined 11 basis points from yesterday to 4.88%.

Looking ahead to Thursday, market participants receive the following economic data:

• 8:30 ET: December Retail Sales (Briefing.com consensus 0.5%; prior 0.7%), Retail Sales ex-auto (Briefing.com consensus 0.5%; prior 0.2%), weekly Initial Claims (Briefing.com consensus 212,000; prior 201,000), Continuing Claims (prior 1.867 mln), January Philadelphia Fed survey (Briefing.com consensus -6.0; prior -16.4), December Import Prices (prior 0.1%), Import Prices ex-oil (prior 0.0%), Export Prices (prior 0.0%), and Export Prices ex-agriculture (prior 0.1%)
• 10:00 ET: November Business Inventories (Briefing.com consensus 0.1%; prior 0.1%) and January NAHB Housing Market Index (Briefing.com consensus 45; prior 46)
• 10:30 ET: Weekly natural gas inventories (prior -40 bcf)