Daily Stock Market Update

Daily Stock Market Update

Share this post

Daily Stock Market Update
Daily Stock Market Update
Stock Market Update Thursday August 1, 2024

Stock Market Update Thursday August 1, 2024

Tom's avatar
Tom
Aug 01, 2024
∙ Paid
12

Share this post

Daily Stock Market Update
Daily Stock Market Update
Stock Market Update Thursday August 1, 2024
3
Share

Stock Market Update Thursday August 1, 2024 Equities experienced a significant downturn, with the S&P 500 and Nasdaq 100 declining 1.4% and 2.4%, respectively, erasing yesterday's gains and extending the recent volatile price action.

Away From Stocks: Treasuries saw strong demand, with the two-year yield falling 13 basis points to 4.16%, now more than one percentage point below the federal funds rate, while the 10-year yield dipped below 4% for the first time in six months. In the commodities markets, WTI crude oil edged lower to below $77 per barrel, while spot gold prices remained largely unchanged at $2,443 per ounce. Bitcoin declined to $63,500, and the VIX volatility index closed at 18.5, approaching its year-to-date closing high.

Daily Stock Market Update is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Keep reading with a 7-day free trial

Subscribe to Daily Stock Market Update to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 AlgoTradeAlert.com
Publisher Terms
Substack
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share