Stock Market Update Friday August 9, 2024
Stock Market Update Friday August 9, 2024 The Nikkei's overnight marginal decline suggests a potential abatement of market volatility in Japan, although the ramifications of the yen carry trade remain a concern for global liquidity. Concurrently, U.S. equity markets opened flat but gained bullish momentum in the afternoon session, with both the S&P 500 and Nasdaq composite indices closing up 0.5%.
Away From Stocks: The U.S. Dollar Index remained range-bound, while fixed-income securities demonstrated resilience. West Texas Intermediate (WTI) crude oil futures settled at $76.84, reflecting a +0.84% uptick. Bitcoin reached $61,740. Mixed performance in the broader metals sector.
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