Stock Market Update Monday May 20, 2024

Stock Market Update Monday May 20, 2024 The stock market ended the day with a marginal gain on the S&P 500 index, having relinquished most of its earlier gains. The Nasdaq Composite, which had risen 0.5% by midday, also gave back its initial progress, along with the Dow Jones Industrial Average.

Away From Stocks: Treasury yields saw a minor uptick, increasing by a couple of basis points across the curve, except for the two-year yield, which remained steady at 4.82%. WTI crude oil prices maintained their position above $79 per barrel, while gold settled at $2,425 per ounce after reaching a new intraday peak above $2,450 earlier in the session. Bitcoin experienced a notable surge, climbing nearly 5% to reach $69,400, and the VIX, a measure of market volatility, edged slightly above 12.