Welcome to Seeking Office Wall Street Lunch.

Our afternoon update on today's market action, news, and analysis.

Good afternoon. Today is Wednesday, August 23rd, and I'm'm your host Kim Khan. Our top story so far.

The back to the office push continues to build momentum at least on Wall Street.

Goldman Sachs is ramping up its crackdown on employees who aren't in the office five days a week.

Mega Bank peers like J.P. Morgan Chase and Citigroup have been urging staff to comply with their

three days a week guidelines. In April, JPM called on managing directors to be in the office five days a week, ending the hybrid model.

The move to enforce stricter policies has been a challenge for much of corporate America.

As of early August, office attendance

was less than half of pre-pandemic levels across 10 of the country's largest business

districts. That's according to data from Castle Systems.

Now look at today's trading.

Action is choppy, but the NASDAQ is in the lead,

up a little less than 1%,

as traders position for Invidia's earnings after the Bell.

Invidia is up a similar amount.

The S&P is up more than half a percent,

while the Dow is up about 0.3 percent.

Growth stocks are being helped by dropping global rates

following disappointing PMI numbers in Europe and the US.

The August S&P Global Composite Flash PMI unexpectedly fell to 50.4.

That pushed the 10-year Treasury yield further down. It's now down around 4.23%, 13 basis points off the 52-week high it set earlier this week.

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