Stock Market Update Friday July 26, 2024

Friday's economic data was overall bullish for the stock market.

Stock Market Update Friday July 26, 2024 Stocks stormed higher by 1.1% on the S&P 500 to recoup just over half of this week’s losses, while the Nasdaq gained 1% to narrow its five-day decline to 2.5% and the Russell 2,000 tacked on a further 1.7% to settle 3.5% north of last Friday’s finish.

Away From Stocks: Treasurys enjoyed a broad-based rally with 2- and 30-year yields each dropping five basis points to 4.36% and 4.45%, respectively, while WTI crude slipped below $77 a barrel, gold leapt to $2,387 an ounce, bitcoin rose to $67,700 and the VIX retreated below 17, down two points on the day.