Stock Market Update
19-Mar-25 10:35 ET
Risk-on bias leads defensive stocks to underperform
Dow +242.56
at 41823.56,
Nasdaq +157.22
at 17661.33,
S&P +38.19
at 5652.85
[BRIEFING.COM] The S&P 500 (+0.7%) and Nasdaq Composite (+0.9%) are now 2.4% and 2.1% higher, respectively compared to Thursday's close.
Many stocks have participated in upside moves. Advancers lead decliners by a roughly 2-to-1 margin at both the NYSE and at the Nasdaq.
Areas of the market left out of today's rally include the defensive-oriented health care (-0.1%), consumer staples (-0.1%), and utilities (-0.1%) sectors, reflecting a risk-on bias.
The real estate sector has also lagged, trading 0.3% lower, amid rising rates. The 10-yr yield is up two basis points to 4.28%.
