Stock Market Update Friday November 22, 2024

Stock Market Update Friday November 22, 2024 The S&P 500 closed 0.3% higher, capping off a robust 1.6% gain for the week and positioning the index near its year-to-date peak, with an impressive 26% advance so far in 2024.

Away From Stocks: Treasury markets signaled less cheer, as the two-year yield climbed to a near four-month high of 4.37%, while the 30-year bond yield settled at 4.6%, up from 4.47% at the start of November. Commodities also saw notable movements: WTI crude surpassed $71 per barrel, and gold extended its rally, trading firmly at $2,709 per ounce. Meanwhile, bitcoin consolidated near the $99,000 level following its meteoric rise, and volatility eased as the VIX fell to approximately 15, shedding nearly two points on the day.