Stock Market Update
06-Jan-25 15:00 ET
Treasury market keeping buying in check in equities
Dow -30.56
at 42701.57,
Nasdaq +171.85
at 19793.52,
S&P +24.07
at 5966.54
[BRIEFING.COM] The Dow Jones Industrial Average dipped below its prior close over the last half hour. The S&P 500 also moved lower, still showing a 0.4% gain and trading above its 50-day moving average (5,948).
Seven of the S&P 500 sectors are lower now led by the rate-sensitive real estate (-0.9%) and utilities (-0.8%) sectors.
The choppy action in Treasuries has contributed to recent downside moves. The 10-yr yield, which hit 4.58% this morning, jumped to 4.64% before pulling back to 4.61%.
