Stock Market Update
14-Mar-25 12:30 ET
Rate cut expectations little changed
Dow +496.56
at 41309.82,
Nasdaq +346.56
at 17649.57,
S&P +86.56
at 5608.08
[BRIEFING.COM] The major indices are sticking close to session highs.
Rate cut expectations have changed much following this morning's survey data. The fed funds futures market sees a 77.5% likelihood of at least a 25 basis points rate cut by the June FOMC meeting, down from 81.2% yesterday, according to the CME FedWatch Tool.
The 10-yr yield is at 4.30% and the 2-yr yield is at 4.00%.
