Stock Market Update
07-Feb-25 15:30 ET
Stocks sit near lows ahead of the close
Dow -448.78
at 44297.77,
Nasdaq -284.57
at 19589.32,
S&P -60.45
at 6023.12
[BRIEFING.COM] The stock market remains near session lows ahead of the open.
Consumer credit increased a whopping $40.8 billion in December (Briefing.com consensus $13.4 billion) after declining by an upwardly revised $5.4 billion (from $7.5 billion) in November. December saw the largest increase in consumer credit since June 2021.
The key takeaway from the report is that there was healthy demand for consumer credit in December despite relatively high interest rates.
