Stock Market Update
05-Feb-25 15:30 ET
Stocks move toward highs ahead of the close
Dow +305.77
at 44860.73,
Nasdaq +13.87
at 19749.79,
S&P +19.77
at 6057.65
[BRIEFING.COM] The Dow Jones Industrial Average is more than 300 points higher at its best level of the session. The S&P 500 (+0.3%) and Nasdaq Composite (+0.1%) are both higher with 30 minutes left in the session.
Elsewhere, the 10-yr yield dropped nine basis points to 4.42% and the 2-yr yield dropped four basis points to 4.18%.
Market participants receive the following economic data on Thursday:
- 8:30 ET: Preliminary Q4 Productivity (actual 0.8%; prior 2.2%) and Unit Labor Costs (Briefing.com consensus 2.6%; prior 0.8%), weekly Initial Claims (Briefing.com consensus 213,000; prior 207,000), and Continuing Claims (prior 1.858 mln)
- 10:30 ET: Weekly natural gas inventories (prior -321 bcf)
