Stock Market Update Monday March 18, 2024

Stock Market Update Monday March 18, 2024 During today's stock market session, mega-cap tech stocks surged nearly 1% on the Nasdaq 100 following reports of an AI-related collaboration between Apple and Google. In contrast, small caps tumbled by 0.6% on the Russell 2000, marking its lowest finish in over two years. Looking ahead, we have several notable events this week. On Tuesday night, the BOJ meeting may result in a rate hike. Wednesday brings the FOMC meeting and the inclusion of SMCI in the S&P 500. Any of these events could potentially impact the markets.

Away From Stocks: Treasury's remained under pressure, with 2- and 30-year yields ticking higher by one and three basis points, respectively, to 4.73% and 4.46%, while WTI crude pushed above $82 a barrel and gold edged higher to $2,160 per ounce. The VIX stayed north of 14.