Stock Market Update Thursday April 11, 2024

Stock Market Update Thursday April 11, 2024 Despite yesterday’s post-CPI selloff, the bull market remains resilient, with stocks rebounding today with a 0.75% advance on the S&P 500. This leaves the broad index roughly unchanged for the week, and Fridays are usually an up day.

Away From Stocks: Treasury's remained under pressure, with the long bond edging higher to 4.65%, and the two-year note settling at 4.93%, up from 4.5% and 4.74%, respectively, as of Wednesday’s close. WTI crude retreated below $86 a barrel, while gold reached another new high at $2,376 per ounce, and the VIX retreated to just below 15.