Stock Market Update Tuesday August 6, 2024

Stock Market Update Tuesday August 6, 2024 The Japanese equity market experienced a significant rebound of approximately 8% overnight, catalyzing a rally in the S&P 500 index exceeding 1%. However, this initial optimism was short-lived, as the gains were erased within the first hour of trading. The market subsequently rebounded once again, returning to a 1% gain within the following hour. 

Away From Stocks: Treasury ten-year yields closed at 3.89%, while WTI crude traded at a high of $74 per barrel. Gold closed at $2,431 per ounce, and Bitcoin reached a high of $57,058. The VIX settled at $27.70