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Stock Market Update Monday July 8, 2024

Stock Market Update Monday July 8, 2024 Equities exhibited marginal gains in subdued summer trading, securing a fourth consecutive record close for the S&P 500 and propelling the broad-based index to a year-to-date return of nearly 17%. 

Away From Stocks: Treasury yields experienced similarly muted fluctuations, with the two-year note edging two basis points higher to 4.62% and the long bond easing to 4.46% from Friday's 4.47%. WTI crude oil retreated towards $82 per barrel, while gold dipped to $2,359 per ounce, correcting prior erroneous reports citing prices above $3,200. Bitcoin stabilized at $56,300 after a recent decline, and the VIX volatility index hovered slightly above 12.

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