top of page

Stock Market Update Friday May 24, 2024

Stock Market Update Friday May 24, 2024 Equities staged a robust recovery from Thursday's sharp downturn, with the market rallying through midday, led by the Nasdaq Composite's surge of over 1%. Significant intraday volatility was observed in individual stocks. However, the major indices traded sideways throughout the afternoon session, consolidating their earlier gains.

Away From Stocks: Treasury's saw minimal movement, with the long bond yield edging down one basis point to 4.57% and the two-year yield rising slightly to 4.93%. Gold prices stabilized following recent declines, hovering around $2,334 per ounce. WTI crude oil and Bitcoin both recovered, reaching approximately $78 a barrel and $68,900 per token, respectively. The VIX volatility index declined further, closing below 12 ahead of the T+1 settlement implementation.

💻Get Started at No Credit Card Required Free Trial Premium Membership➕ Algorithm TradingView Indicator ➕ SPY Swing Trader➕ 📉 ES & NQ Futures Live Day Trading In Discord 📈


Want to read more?

Subscribe to to keep reading this exclusive post.


Couldn’t Load Comments
It looks like there was a technical problem. Try reconnecting or refreshing the page.
bottom of page