Stock Market Update December 27, 2024
Stock Market Update December 27, 2024 Equities faced headwinds, with the S&P 500 retreating by 1.1% and the Nasdaq 100 declining 1.5%.
Away From Stocks: The yield curve experienced a significant steepening, with 10-year Treasury yields rising to a 33-basis-point higher rate compared to three-month bills. This marks a clear change following a two-year inversion that ended in mid-December. In the commodities market, WTI crude oil increased to over $70 per barrel, while gold prices fell to $2,616 per ounce. Bitcoin's value was just under $95,000, and the VIX index rose nearly two points to finish at 16.4, indicating a slight increase in market volatility.
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