Stock Market Update Tuesday June 25, 2024

Stock Market Update Tuesday June 25, 2024 Today was another erratic trading session from an index perspective. The Nasdaq Composite rose by 1% by midday, while the S&P 500 remained flat, and the Dow Jones Industrial Average declined by 1%. Beneath the surface, numerous large-cap tech stocks experienced buying pressure. In the afternoon, indices extended their gains. Nvidia stock closed over 6% catalyzed a 1.1% rally in the Nasdaq 100 and a 0.4% uptick in the S&P 500, offsetting Monday’s losses.

Away From Stocks: The U.S. Treasury market saw a bull steepening of the yield curve, with two-year yields declining six basis points to 4.65%, and the 30-year bond yield decreasing slightly to 4.36% from 4.38%. WTI crude oil prices retreated below $81 per barrel, gold prices adjusted downward to $2,319 per ounce, Bitcoin advanced towards $62,000, and the VIX, a measure of market volatility, settled below 13.

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