Stock Market Update Tuesday January 23, 2024

Stock Market Update Tuesday January 23, 2024 Stocks edged higher by 0.3% on the S&P 500, continuing the rally. This trend was particularly notable in the Nasdaq indices and the S&P 500. However, the DJIA and the Russell 2000 saw declines, highlighting a lack of unified upward momentum. Despite reaching higher closing highs, the overall breadth of the market remained negative.

Away From Stocks: Treasury's saw a mixed picture with the two-year yield declining six basis points to 4.31% and the long bond rising by the same sum to 4.38%. WTI crude remained just south of $74.46 a barrel, gold ticked higher to $2,029 per ounce and the VIX slipped 12.54