Stock Market Update

27-Jan-25 15:35 ET

Treasuries settle higher

Dow +226.56 at 44650.87, Nasdaq -667.98 at 19368.23, S&P -101.41 at 5917.89

[BRIEFING.COM] There hasn't been much up or down movement at the index level.

Treasuries rallied in response to the AI worries that plagued the stock market and created some flight to safety interest. The 10-yr yield dropped ten basis points to 4.53% and the 2-yr yield dropped eight basis points to 4.19%. Also, today's $69 billion 2-yr note sale met tepid demand and a $70 billion 5-yr note offering garnered stronger interest than the 2-yr sale.

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

8:30 ET: December Durable Orders (Briefing.com consensus 0.4%; prior -1.1%) and Durable Orders ex-transport (Briefing.com consensus 0.5%; prior -0.1%)
9:00 ET: November FHFA Housing Price Index (prior 0.4%) and November S&P Case-Shiller Home Price Index (Briefing.com consensus 4.2%; prior 4.2%)
10:00 ET: January Consumer Confidence (Briefing.com consensus 108.1; prior 104.7)