Wall Street Rises as Investors Anticipate a Week Packed with Economic Reports
Market Performance: Wall Street's major indices, including the Nasdaq Composite, S&P 500, and Dow Jones Industrial Average, saw gains on Monday, recovering from Friday's selloff, with Consumer Discretionary leading the sectors.
Treasury Yields: Treasury yields decreased slightly, with the 2-year yield at 3.49%, the 10-year at 4.15%, and the 30-year at 4.82%.
Economic Data: The December Empire State Manufacturing Index reported a decline to -3.9, significantly below the expected 10.0, indicating a contraction in manufacturing activity.
Investment Insights: Analysts suggest a rotation from tech stocks to value-oriented stocks as investors take profits, while expressing optimism about tech's future, particularly in AI, despite concerns over high valuations.
About the author









