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)
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