Stock Market Update Tuesday December 3, 2024
Stock Market Update Tuesday December 3, 2024 Equity markets saw muted action as the S&P 500 hovered around breakeven, while the Nasdaq 100 edged up by 0.3%, demonstrating resilience amidst subdued broader market sentiment.
Away From Stocks: In the fixed-income space, long-dated Treasury yields saw upward pressure, with the 30-year yield climbing four basis points to 4.3%. Conversely, the two-year Treasury note remained steady at 4.17%, reflecting a dovish tilt in Federal Reserve Governor Waller's remarks on Monday. In the commodities market, WTI crude oil surged to just shy of $70 per barrel, bolstered by supply concerns and optimistic demand outlooks. Meanwhile, gold prices advanced marginally, settling at $2,643 per ounce, signaling a modest shift toward safe-haven assets. In the cryptocurrency sphere, Bitcoin traded flat at $96,000, showcasing limited volatility, while the VIX index lingered around 13, indicating a subdued risk environment.
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