Stock Market Update
16-Jan-25 15:00 ET
Treasuries hold steady near intraday low yields
Dow -33.85
at 43187.70,
Nasdaq -62.45
at 19448.78,
S&P +0.65
at 5954.18
[BRIEFING.COM] Some of the major indices trade below prior closing levels.
Chicago Fed President Goolsbee (FOMC voter), considered by many to be among the dovish FOMC members, said he thinks the Fed should be more patient with rate cuts, according to The Wall Street Journal. Treasury yields didn't react much to the remarks, unlike this morning's commentary from Fed Governor Waller, which fueled buying in Treasuries.
The 10-yr yield is at 4.61% and the 2-yr yield is at 4.24%.
