Stock Market Update Monday September 23, 2024

Stock Market Update Monday September 23, 2024 The S&P500 and Dow Jones Industrial Average surged to fresh record highs as momentum from the post-Fed rally persists. The S&P500 gained 0.28%, while the Nasdaq Composite edged up 0.14%. The Dow climbed 61 points, and the Russell 2000 lagged, declining 0.24%. Energy, Consumer Discretionary, Utilities, and Real Estate led sector performance, each rising around 1%, showcasing broad-based strength. Tesla was the standout performer of the day, rallying nearly 5%.

Away From Stocks: Both the two-year and 30-year Treasury yields advanced by two basis points, settling at 3.57% and 4.09%, respectively. WTI crude slipped beneath the $71 per barrel mark, while gold extended its rally, climbing to $2,628 per ounce. Bitcoin experienced a modest decline, trading at $63,300, and the VIX closed slightly below 16, signaling subdued market volatility.