Stock Market Update Monday May 6, 2024
Stock Market Update Monday May 6, 2024 The S&P 500 surged 1%, bringing it within 1.5% of its record highs set in late March.
Away From Stocks: This strong equity performance was met with muted activity in the Treasury market, where the two-year yield edged slightly higher and the long bond yield dipped modestly. Oil prices partially recovered from last week's plunge, while gold prices saw a significant jump. Market volatility remained subdued, as reflected by the flat close of the VIX index.
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