Stock Market Update
28-May-25 12:25 ET
Little support from solid retail earnings
Dow -129.82
at 42213.83,
Nasdaq -18.34
at 19180.82,
S&P -13.18
at 5908.36
[BRIEFING.COM] The S&P 500 (-0.2%) continues hovering just above its session low while the Nasdaq (-0.1%) outperforms slightly.
The market has responded positively to above-consensus earnings from Abercrombie & Fitch (ANF 91.28, +14.13, +18.3%) and Macy's (M 12.18, +0.14, +1.2%), but this has not translated into strength among other consumer-oriented names. The consumer discretionary sector (-0.4%) is among today's laggards with just six components holding gains.
Treasuries remain near lows with the 10-yr yield up six basis points at 4.50%.
