Stock Market Update Friday The 13th 2024

Stock Market Update Friday The 13th 2024 Friday the 13th was another lucky day for the bulls, as the S&P 500 tacked on another 0.5% to finish with a steep 3.2% advance to swiftly erase the bulk of last week’s selloff in a similar fashion to that seen in early August. Major indices wrapped up their best week of the year, underscoring broad market strength. Nasdaq gained 0.65%, and the Russell 2000 surged over 2%, reflecting strong small-cap momentum. All 11 sectors closed higher, led by utilities, communication services, materials, and industrials, each advancing by 1%.

Away From Stocks: Treasury's rallied as well with two-year yields diving another seven basis points to a fresh year-to-date low of 3.57%, while the long bond ebbed to 3.98% from 4% Thursday. WTI crude ticked above $69 a barrel, gold remained red hot at $2,581 per ounce, bitcoin jumped to near $60,000 and the VIX settled south of 17.