top of page

Stock Market Update Monday June 17, 2024

Stock Market Update Monday June 17, 2024 Equity markets opened cautiously but rapidly transitioned into a bullish rally by midday, fueled primarily by the continued, impressive surge in AI-related technology stocks. This strong momentum propelled the S&P500 and Nasdaq100 to new all-time highs, with notable gains of 0.8% and 1.2%, respectively.


Away From Stocks: Treasury market experienced a mild pullback from its recent rally, with yields on the two-year note edging up to 4.75% from 4.67%, and the long bond yield increasing by six basis points to 4.4%. WTI crude oil prices continued their ascent towards $80 per barrel, while gold prices retreated to $2,319 per ounce. Bitcoin remained stagnant below the $67,000 mark, and the VIX volatility index closed yet again below 13, signaling continued market complacency.


On May 7th, 2024, we alerted our premium members to enter a long position based on our proprietary algorithm.

💻Get Started https://www.algotradealert.com/get-started Free Trial 🔐Premium Membership➕📉Stock Market Update Daily News Letter+ 📈➕AlgoTradeAlert Momentum Indicator➕Futures SPY ETF ES NQ Live Day Trading➕Discord

 

Want to read more?

Subscribe to algotradealert.com to keep reading this exclusive post.

Comments

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