Stock Market Update Friday September 27, 2024

Stock Market Update Friday September 27, 2024 As the trading week drew to a close, the market saw modest movements across key indices and assets. Dow jumps over 100 points to close at a weekly record close, major averages extend rally to third week. The S&P 500 slipped by 0.13%, with the Nasdaq 100 dropping by a sharper 0.6%, reflecting a subdued session.

Away From Stocks: On the fixed-income front, two- and 30-year Treasury yields eased by five and two basis points, settling at 3.55% and 4.1%, respectively, remaining largely unchanged from last Friday's levels. In the commodities space, WTI crude found support, rebounding to $68.5 per barrel, while gold experienced a slight pullback, closing at $2,652 per ounce. Bitcoin, however, resumed its bullish trajectory, climbing to $65,700. Meanwhile, volatility as measured by the VIX defied the broader market's muted tone, rising by 1.5 points to approach 17, signaling an uptick in market uncertainty.