Stock Market Update Thursday June 20, 2024

Stock Market Update Thursday June 20, 2024 Equities on the S&P 500 experienced a minor pullback, while the Nasdaq 100 saw a moderate decline, led by Nvidia's intraday reversal, which resulted in a 3.5% decrease from Tuesday's close. 

Away From Stocks: Treasury yields saw a slight uptick across maturities, with the long bond settling at 4.39%. WTI crude oil continued its recent rally, surpassing $81 per barrel, and gold appreciated to $2,358 per ounce. Bitcoin remained below the $65,000 threshold, and the VIX volatility index hovered above 13. Reserve Bank credit held steady at $7.22 trillion for the third consecutive week. Interest-bearing assets on the Federal Reserve's balance sheet contracted by $90 billion from mid-May levels, marking a 19.1% reduction from their March 2022 peak.

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