Afternoon Note
Edging Lower
By John Jean, Research Analyst
12/12/2024 1:13 PM
All major indices are in the red, with the Russell 2000 lagging the most. In commodities, oil is flat and gold is down.
The Ten-Year Treasury Yield (TNX) rose 4.1 basis points and moved above 4.3%.
Four out of eleven sectors are moving higher, with Consumer Staples (XLP) leading the pack. Technology (XLK) is lagging the most, after investors reacted negatively to Adobe (ADBE) earnings.
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