Stock Market Update Friday September 20, 2024 The Dow closed at an all-time high today, while the S&P 500 slipped 0.19% and the Nasdaq dropped 0.36%. Despite today’s mixed performance, all major indices finished the week on a positive note. Utilities emerged as the standout sector, surging 2.5%, significantly outperforming Industrials and Materials, which lagged in today’s session. Constellation Energy and Vistra led the charge among individual stocks, posting impressive gains of 22% and 16%, respectively. Overall, muted trading activity characterized the last trading day of summer, as equities took a breather following yesterday’s post-easing rally.
Away From Stocks: Two-year Treasury yields fell four basis points to 3.55%, marking fresh lows since 2022. WTI crude settled near flat at $71 per barrel, gold remained strong at $2,620 per ounce, while Bitcoin edged lower to $62,700. The VIX closed slightly above 16, reflecting relative calm in the markets.
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