Stock Market Update

[BRIEFING.COM] The market has a fresh wave of macro-related headlines to digest during the final hour of trading.

Bloomberg reports that the U.S. and India are in talks to strike a trade deal that will lower the tariff on Indian imports below 20%.

Meanwhile, Chicago Fed President Austan Goolsbee (voting FOMC member) says recent tariff threats could delay rate cuts, in an interview with The Wall Street Journal. 

Treasury yields were elevated today. The 10-year note yield settled up seven basis points at 4.42% (+8 bps for the week).

The major averages currently trade within a relatively tight range that is above their early lows but still within negative territory for the day.