Stock Market Update Tuesday July 23, 2024

Stock Market Update Tuesday July 23, 2024 Equity prices edged lower, with the S&P 500 settling roughly 0.2% below breakeven following yesterday’s strong rebound. 

Away From Stocks: Meanwhile, government bonds saw strong demand on the short end, with two-year yields declining 10 basis points to 4.4%, while the long bond held steady at 4.48%. WTI crude oil remained under pressure at $77 per barrel, gold rallied to $2,407 per ounce, bitcoin dipped to $65,700, and the VIX volatility index stayed just below 15.