Stock Market Update Friday June 21, 2024 Equity indices experienced a marginal decline as subdued trading activity persisted in the absence of significant catalysts, with second-quarter earnings releases still weeks away.
Away From Stocks: Treasuries faced moderate selling pressure, pushing yields higher. The long bond yield climbed three basis points to 4.39%, and the two-year note yield settled at 4.7%, up from 4.69% Thursday. In the commodities markets, WTI crude oil dipped below $81 per barrel, gold retreated to $2,322 per ounce, and Bitcoin slipped to $64,200. The VIX volatility index closed the week slightly above 13, reflecting a modest increase in market uncertainty.
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