Stock Market Update
19-Mar-25 15:35 ET
Treasuries settle higher in response to FOMC
Dow +491.36
at 42072.36,
Nasdaq +256.05
at 17760.16,
S&P +62.92
at 5677.58
[BRIEFING.COM] The major indices pulled back from their session highs, but still show solid gains heading into the close.
The 10-yr yield settled three basis points lower at 4.26% and the 2-yr yield settled six basis points lower at 3.98% after Fed Chairman Powell again said that there is no rush to adjust policy, repeating a view that he's been espousing since late 2024.
Looking ahead to Thursday, market participants receive the following data:
- 8:30 ET: Weekly Initial Claims (Briefing.com consensus 220,000; prior 220,000), Continuing Claims (prior 1.870 mln), Q4 Current Account Balance (Briefing.com consensus -$334.0 bln; prior -$131.4 bln), and March Philadelphia Fed Survey (Briefing.com consensus 10.0; prior 18.1)
- 10:00 ET: February Existing Home Sales (Briefing.com consensus 3.95 mln; prior 4.08 mln) and February Leading Indicators (Briefing.com consensus -0.2%; prior -0.3%)
- 10:30 ET: Weekly natural gas inventories (prior -62 bcf)