Stock Market Update Thursday August 22, 2024

Stock Market Update Thursday August 22, 2024 Equity markets failed to reach new highs 📉, experiencing their most significant decline in over two weeks. The S&P 500 closed down approximately 0.8% ⬇️, while the Nasdaq 100 faced a steeper decline, shedding nearly twice as much 📊.

Away From Stocks: In the bond market, U.S. Treasurys also retreated, with yields on both the 2-year and 30-year notes rising by seven basis points to 3.99% and 4.13%, respectively 📈. Meanwhile, WTI crude oil rebounded from its seven-month low, settling around $73 per barrel 🛢️, and gold pulled back to $2,484 per ounce 🪙. Bitcoin ended the session at $60,400 ₿, and the VIX surged back above 17.5, gaining over a point during the day ⚠️.

$META just hit a new all-time high! 🚀📈 #StockMarket #Investing #Tech