Stock Market Update
02-Jan-25 12:30 ET
Stocks slide as yields rise
Dow -155.50
at 42388.72,
Nasdaq -58.90
at 19251.89,
S&P -16.70
at 5864.93
[BRIEFING.COM] The major indices turned lower as Treasury yields turned higher. The Dow Jones Industrial Average sports a 0.4% decline, tumbling 180 points below Tuesday's close.
The 2-yr yield is up three basis points at 4.27% and the 10-yr yield is up three basis points to 4.60%.
The S&P 500 energy sector continue to outperform, rising alongside commodity futures. WTI crude oil futures are 2.4% higher at $73.60/bbl.
