Friday's Big Stock Stories: What's Likely to Move the Market in the Next Trading Session
The Dow Industrials closed lower on Thursday as Treasury yields continued to climb. The 30-stock index is heading for a fourth consecutive losing week.
TL;DR
- The 10-year Treasury yield climbed to 5.225%, its highest level since June 2007.
- Dividend-paying ETFs like First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) and State Street SPDR S & P Dividend ETF (SDY) are down from recent highs.
- Top dividend payers in the S&P 500, including VICI Properties, UPS, General Mills, Kraft Heinz, and Edison International, have seen their stock prices decrease in September.
- Consumer stocks Clorox and Hormel reached new lows dating back to 2013.
- Meta Platforms and Moderna hit new highs, with Meta reaching levels not seen since September 2025 and Moderna reaching levels not seen since January 2023.
- Cybersecurity and tech stocks such as Advanced Micro Devices, CrowdStrike, and Fortinet also reached new highs.
- August durable goods numbers are expected to show a 0.3% decrease based on Dow Jones consensus estimates.