Stock Market Update Tuesday April 16, 2024

Stock Market Update Tuesday April 16, 2024 After a period of heightened volatility, stocks paused for a respite, with the S&P 500 settling just below unchanged levels in a session characterized by narrow-range trading.

Away From Stocks: Treasury's continued to face downward pressure, with two-year yields reaching the year-to-date high of 4.97%, while the long bond saw an uptick to a five-plus-month peak, hitting 4.77%. WTI crude maintained its position above $85 a barrel, while gold experienced a modest increase, reaching $2,389 per ounce. Additionally, the VIX, a measure of market volatility, retreated slightly to 18 and change.