Stock Market Update Thursday November 21, 2024

Stock Market Update Thursday November 21, 2024 On November 21, equities continued to rise, with the S&P 500 up 0.8% and the Nasdaq 100 increasing 0.4%, though Nvidia's post-earnings performance tempered gains. The Dow surged nearly 500 points as investors shifted from tech stocks to those linked to the broader economy.

Away From Stocks: Treasury yields edged higher across the board, reflecting market adjustments to changing economic and inflationary conditions. In commodities, WTI crude oil rose above $70 per barrel due to strong demand and supply concerns, while gold maintained its upward trend at $2,670 per ounce. Bitcoin approached a significant milestone, testing the $98,000 level, indicating ongoing bullish sentiment in the cryptocurrency market. Market volatility remained low, with the VIX settling just below 17, suggesting a calmer outlook among investors.