Stock Market Update
07-Apr-25 15:30 ET
Consumer credit shows another contraction
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[BRIEFING.COM] The major equity indices moved further below their prior closing levels in recent action.
Consumer credit decreased by $0.8 billion in February (Briefing.com consensus $15.1 billion) after increasing by a downwardly revised $8.9 billion (from $18.1 billion) in January.
The key takeaway from the report is that February marked the third contraction in consumer credit in the last four months.
Separately, the 10-yr yield jumped 17 basis points today to 4.16% and the 2-yr yield rose six basis points to 3.73%.
