Stock Market Update Monday December 23, 2024 Santa Claus delivered an early market gift as equities rallied further, adding 0.6% to Friday’s 1% rebound, clawing back approximately half of last week’s midweek selloff.
Away From Stocks: Treasury's faced sustained pressure, with yields on the 2-year and 30-year notes climbing by 3 and 6 basis points to 4.34% and 4.78%, respectively. In commodities, WTI crude hovered just shy of $70 per barrel, reflecting subdued momentum, while gold softened to $2,613 per ounce. Bitcoin slid beneath the $94,000 threshold, losing steam, and the VIX, a barometer of market volatility, continued its retreat below 17, reversing the sharp uptick seen midweek.