Stock Market Update

06-May-25 15:40 ET

Treasuries settle with gains

Dow -284.70 at 40933.27, Nasdaq -84.90 at 17759.34, S&P -24.50 at 5625.88

[BRIEFING.COM] The major indices are moving sideways ahead of the close.

Treasuries settled with gains. The 10-yr yield dropped four basis points to 4.31% and the 2-yr yield dropped five basis points to 3.79%.

Looking ahead to Wednesday, market participants receive the following data:

7:00 ET: Weekly MBA Mortgage Index (prior -4.2%)
10:30 ET: Weekly crude oil inventories (prior -2.696 mln)
14:00 ET: May FOMC Rate Decision (Briefing.com consensus 4.25-4.50%; prior 4.25-4.50%)
15:00 ET: March Consumer Credit (Briefing.com consensus $11.0 bln; prior -$0.8 bln)