Stock Market Update
10-Jan-25 10:35 ET
Stocks sit near opening lows after latest data
Dow -536.19
at 42004.10,
Nasdaq -316.25
at 18996.01,
S&P -76.89
at 5813.46
[BRIEFING.COM] The major indices trade near their opening lows. The S&P 500 trades 76 points lower and the Dow Jones Industrial Average trades more than 500 points lower.
The preliminary University of Michigan Index of Consumer Sentiment for January slipped to 73.2 (Briefing.com consensus 73.5) from the final reading of 74.0 for December. In the same period a year ago, the index stood at 79.0.
The key takeaway from the report is that consumers' worries about the future path of inflation increased, which is not what the Fed wants to hear, especially as plans to implement new tariffs loom on the near horizon.
