Stock Market Update
04-Jun-25 15:05 ET
Treasury yields drop on growth concerns
Dow -18.46
at 42501.18,
Nasdaq +91.21
at 19490.15,
S&P +11.88
at 5982.25
[BRIEFING.COM] The major indices are little changed but continue to operate with an air of resilience to selling pressure.
Lower interest rates and the thought of the Fed responding sooner rather than later to signs of a weakening economy have acted as underpinning factors.
The 2-yr note yield, which is sensitive to changes in the fed funds rate, is down eight basis points to 3.88%, while the 10-yr note yield has declined 10 basis points to 4.36%.
Sector action is mixed, with communication services (+1.4%) leading to the upside and energy (-1.8%) leading to the downside.
