Stock Market Update
08-Apr-25 12:35 ET
Treasury auction in focus
Dow +737.18
at 38702.78,
Nasdaq +272.78
at 15876.05,
S&P +90.12
at 5152.37
[BRIEFING.COM] The major equity indices continued their slow move off session highs in recent trading.
Results of today's $58 billion 3-yr note auction, which are out at 1:00 p.m. ET, will be closely watched by market participants. Treasuries registered solid losses yesterday, ostensibly with foreign selling interest acting as a catalyst. Weak demand for today's auction is not what the market needs if it leads to further selling in Treasuries and stokes inflation concerns.
Treasury yields dropped from intraday highs and the 10-yr yield is little changed from yesterday at 4.19%.
