Stock Market Update

[BRIEFING.COM] The S&P 500 has maintained a posture above its 50-day moving average, but remains near its worst level of the day.

Treasuries settled with gains across the curve in response to this morning's economic data. Flash February Manufacturing (51.6; prior 51.2) and Services (49.7; prior 52.9) PMI readings for the U.S. showed the first contraction in the services sector since early 2023. The 10-yr yield dropped eight basis points to 4.42% and the 2-yr yield settled eight basis points lower at 4.19%.

Looking ahead, there's no US economic data of note on Monday.