Stock Market Update
19-Feb-25 10:05 ET
Stocks open to selling interest
Dow -155.56
at 44400.78,
Nasdaq -48.90
at 19992.36,
S&P -12.91
at 6116.67
[BRIEFING.COM] The stock market opened to selling interest after yesterday's record finish for the S&P 500 (-0.2%). The Nasdaq Composite trades 0.3% lower.
The downside bias is driven by normal consolidation efforts after a big run. Many stocks participate in the negative action, leading the Invesco S&P 500 Equal Weight ETF (RSP) to trade 0.2% lower.
Four S&P 500 sectors trade lower while the remaining seven sectors show declines ranging from 0.2% (industrials) to 1.0% (materials).
Rising market rates have contributed to the downside bias in equities. The 10-yr yield is at 4.55%.
