Stock Market Update

31-Oct-24 15:35 ET

Treasuries settle with sharp losses in October

Dow -284.07 at 41857.47, Nasdaq -459.69 at 18148.24, S&P -91.66 at 5722.01

[BRIEFING.COM] The three major indices trade near session lows ahead of the close.

The 10-yr yield settled two basis points higher at 4.28% and the 2-yr yield settled one basis point higher at 4.16%. The 10-yr yield jumped 48 basis points in October and the 2-yr yield rose 51 basis points.

Friday's economic calendar features the Employment Situation Report for October at 8:30 ET. Other data include:

9:45 ET: Final October S&P Global U.S. Manufacturing PMI (prior 47.8)
10:00 ET: September Construction Spending (Briefing.com consensus 0.0%; prior -0.1%) and October ISM Manufacturing Index (Briefing.com consensus 47.6%; prior 47.2%)