Stock Market Update Thursday December 12, 2024

Dec 12, 2024

∙ Paid

Stock Market Update Thursday December 12, 2024 Stocks fell as inflation worries resurfaced, with the S&P 500 down 0.4% and the Dow Jones dropping 200 points. The Nasdaq Composite fell below 20,000 after a hotter-than-expected inflation report raised concerns about the Federal Reserve's policies.

Away From Stocks: In the bond market, a weak Treasury auction led to a selloff, pushing yields up 3 to 7 basis points. Commodity prices were stable, with WTI crude oil around $70 per barrel and gold at $2,683 per ounce. Bitcoin dropped below $100,000 amid broader risk aversion, while the CBOE Volatility Index rose slightly to 14, indicating increased market uncertainty.

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.