Stock Market Update

[BRIEFING.COM] The S&P 500 trades lower by 1.2% going into the final 30 minutes of the session ahead of a weekend that will be marred by uncertainty surrounding the evolution of the conflict between Israel and Iran.

The market did its best to resist selling efforts through the day but ultimately gave in to renewed selling due to a lack of encouraging signals that would foreshadow a de-escalation of the conflict in the coming days.

Market breadth has worsened since this morning with 4.3 NYSE listings trading lower for each advancer while the Nasdaq is also seeing 4.3 listings trading lower for each advancer.

Treasuries finished the day with losses, sending the 10-yr yield higher by seven basis points to 4.42%, though it ended the week nine basis points below last Friday's settlement.