Stock Market Update Monday December 9, 2024

Stock Market Update Monday December 9, 2024 Market Recap: Stocks Fall as Nvidia Faces Antitrust Probe Investor sentiment dipped early in the week after Chinese regulators launched an antitrust investigation into Nvidia, impacting global markets. The S&P 500 dropped 0.5%, while the Nasdaq 100 fell 0.8%.

Away From Stocks: U.S. Treasurys faced selling pressure, leading to higher yields. The 2-year Treasury yield increased by 3 basis points to 4.13%, indicating greater sensitivity to short-term rates, while the 30-year yield rose to 4.39% from 4.34%. These changes reflect concerns over global regulatory risks impacting the tech sector.

In commodities, WTI crude oil rebounded above $68 per barrel after a period of weakness, driven by demand dynamics and geopolitical issues. Precious metals gained traction, with gold up 1% to $2,661 per ounce, as safe-haven demand increased. Bitcoin remained around $97,000 as investors assessed macroeconomic and regulatory factors. The Cboe Volatility Index (VIX) climbed to a two-week high above 14, highlighting the demand for protection against market risks.