From the Desk - Economic Commentary
Scott Hofer, Member Strategies Director - 1/13/2025
U.S. stocks are generally lower this morning as tech stocks continue to slide. The S&P 500 and Nasdaq are down 0.6% and 1.3% this morning, respectively, as investors rotate into non-tech stocks. All three benchmarks are down over the last two weeks, with tech stocks taking the biggest hit. On the economic front, there are no releases this morning but the week ahead will provide more insight into inflation, jobs, and consumer spending.
U.S. Treasury yields are higher this morning, with the 2-year Treasury yield up 12.2 bps to 4.38%, the 5-year Treasury yield up 13.0 bps to 4.58% and the 10-year Treasury up 8.2 bps to 4.76%. Virtually all advances are slightly higher across the curve.
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