Stock Market Update

[BRIEFING.COM] The major indices are at session highs as participants react to the Minutes from the January 28-29 FOMC meeting.

The minutes didn't contain anything too surprising. Committee members "commented that month-over-month inflation readings in November and December had exhibited notable progress toward the Committee's goal of price stability, including in some key subcategories. Many participants, however, emphasized that additional evidence of continued disinflation would be needed to support the view that inflation was returning sustainably to 2 percent."

Treasury yields moved lower after the minutes were released. The 10-yr yield moved to 4.54% from 4.56%.