Stock Market Update Wednesday January 8, 2025

Stock Market Update Wednesday January 8, 2025 Equities mirrored this subdued tone, ending broadly unchanged after recent bouts of heightened volatility.

Away From Stocks: A robust long bond auction, clearing at 4.91%—slightly below the 4.92% When-Issued level—provided support to the Treasury market, allowing it to recover from early-session losses and close flat to marginally stronger. Meanwhile, WTI crude declined toward $73 per barrel, gold surged to a record $2,663 per ounce, bitcoin tumbled below the $94,000 mark, and the VIX slid beneath 18, signaling slightly reduced market anxiety.

Markets will see a partial pause in activity on Thursday, as the stock market will be closed for the National Day of Mourning honoring Former President Jimmy Carter. The bond market will operate on a shortened schedule, with trading ending at 2 PM ET.

U.S. 10 Year Bond Yield Daily Chart