Stock Market Update
07-Jan-25 12:10 ET
Market doesn't react to President-elect press conference
Dow -57.90
at 42648.66,
Nasdaq -298.98
at 19565.99,
S&P -45.87
at 5929.51
[BRIEFING.COM] The major indices trade at or near session lows. The S&P 500 sports a 0.7% decline.
Earlier, President-elect Trump said at a press conference that a $20 billion data center investment from Hussain Sajwani/DAMAC Properties will be made in Texas, Arizona, Illinois, and Michigan. Stocks didn't react much to the announcement and Treasury yields remain near session highs.
The 10-yr yield is at 4.68% and the 2-yr yield is at 4.29%.
