Stock Market Update

[BRIEFING.COM] The major indices continue to adhere to their winning form, underpinned by the same broad-based buying interest that has persisted since the opening bell.

The 10-yr note yield has been holding steady with modest gains throughout today's trade as well. The 10-yr note yield is down four basis points to 4.57% as the cash session in the Treasury market draws to a close.

The U.S. Dollar Index for its part has been on the defensive all day. It is currently down 1.2% to 108.07 in a move that has also been supportive in general for stocks of multinational companies.

Elsewhere, the equal-weighted S&P 500 (+1.0%) continues to be a go-to investment in early 2025, as participants are presumably attracted to its lower valuation vis-a-vis the market cap-weighted S&P 500.