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US Equity Indexes Higher in Midday Trading
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US Equity Indexes Higher in Midday Trading
Nov 25, 2024 9:40 AM

12:24 PM EST, 11/25/2024 (MT Newswires) -- US benchmark stock indexes traded higher in midday trading Monday, with the Dow Jones Industrial Average and the S&P 500 reaching record highs in the session.

The DJIA was 0.8% higher at 44,631.2, the S&P 500 was up 0.3% to 5,984.1 and the Nasdaq rose 0.3% to 19,052.5 after midday on Monday.

Consumer discretionary and real estate led the gainers, while energy was the biggest decliner intraday.

In economic news, the Chicago Federal Reserve Bank's monthly National Activity Index dropped to a reading of minus 0.40 in October from minus 0.27 in September, compared with expectations for an increase to a reading of minus 0.20 in a survey compiled by Bloomberg. The three-month moving average slid to minus 0.24 from minus 0.21.

The Dallas Fed's monthly manufacturing index increased to a reading of minus 2.7 in November from minus 3.0 in October, compared with expectations for a larger gain to a reading of minus 2.4 in a survey compiled by Bloomberg.

In company news, Bath & Body Works ( BBWI ) shares jumped nearly 15% in recent Monday trading after it posted fiscal Q3 adjusted earnings and net sales ahead of consensus estimates and boosted its guidance for the fiscal year.

Shares of Macy's (M) slipped 4% intraday after it said a former employee attempted to hide about $132 million to $154 million in delivery expenses from fiscal Q4 2021 through the most recent quarter ended Nov. 2. The retailer said there was no suggestion that "the erroneous accounting" impacted its vendor payments, but that it is delaying its fiscal Q3 earnings release to allow for an independent audit of the discrepancies.

The US 10-year Treasury yield fell 11.4 basis points to 4.30%. The two-year rate slid 6.4 basis points to 4.31%.

The US Dollar Index was down 0.47% to 107.05.

West Texas Intermediate crude oil fell 2.7% to $69.35 per barrel.

Gold was down 2.9% to $2,657.2 an ounce, and silver retreated 3.5% to $30.67 per ounce.

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