Stock Market Update Monday July 22, 2024

Stock Market Update Monday July 22, 2024, A sharp rebound in stocks effectively turned the page on last week’s sell-off, with the S&P 500 and Nasdaq 100 advancing by 1% and 1.5%, respectively. Meanwhile, Treasurys reversed early strength, resulting in the long bond yield rising to 4.48% from 4.45% on Monday, and the two-year note ticking higher by one basis point to 4.5%. WTI crude edged lower again, reaching $78 per barrel. Gold remained just below $2,400 an ounce, bitcoin stayed at $68,000, and the VIX tumbled nearly two points to settle below 15.