Stock Market Update
11-Apr-25 15:30 ET
Long bond bounces off January low; more bank earnings on tap for Monday
Dow +702.19
at 40295.85,
Nasdaq +348.43
at 16735.74,
S&P +103.92
at 5371.97
[BRIEFING.COM] The major averages have consolidated near highs, little changed in the last half hour with the tech-heavy Nasdaq Composite still in the lead (+2.13%).
A few banks kicked off earnings season this week, but be on the lookout for Goldman Sachs (GS 497.12, +7.32, +1.49%) on Monday (4/14) and Citigroup (C 62.20, +0.61, +0.99%) and Bank of America (BAC 36.09, +0.24, +0.67%) ahead of the open on Tuesday.
Recently, the 10-yr yield settled up 10 bps to 4.49% (up 50 bps this week), while this week's underperformance in longer tenors expanded the 2s10s spread by 22 basis points to 54 bps.
