Stock Market Update

29-Jan-25 15:35 ET

Treasuries settle little changed

Dow -17.63 at 44833.78, Nasdaq -51.85 at 19763.64, S&P -12.63 at 6055.07

[BRIEFING.COM] The major indices continued to move as after Fed Chair Powell's press conference concluded.

Treasuries settled little changed from yesterday in response to the Fed's latest move. The 10-yr yield was unchanged at 4.56% and the 2-yr yield rose two basis points to 4.23%.

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

8:30 ET: Advance Q4 GDP (Briefing.com consensus 2.3%; prior 3.1%), advance Q4 GDP Deflator (Briefing.com consensus 2.4%; prior 1.9%), Weekly Initial Claims (Briefing.com consensus 221,000; prior 223,000), and Continuing Claims (prior 1.899 mln)
10:00 ET: December Pending Home Sales (Briefing.com consensus 0.8%; prior 2.2%)
10:30 ET: Weekly natural gas inventories (prior -223 bcf)