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Stock Market Update Monday March 11, 2024

Stock Market Update Monday March 11, 2024 The market encountered some downward pressure through midday, with both the Nasdaq and S&P shedding approximately 0.5%. However, in the early afternoon, the market showed resilience, nearly returning to unchanged levels. Tomorrow’s February CPI data (economists expect a 0.4% sequential advance for the ex-food and energy metric to bring year-over-year growth to 3.7%). The Nasdaq 100 settled 40 basis points south of unchanged. This week includes another notable option expiration, likely adding to market volatility.


Away From Stocks:

Two-year yields rose to 4.51% from 4.48% with the long end of the curve finishing little changed, while WTI crude marked time at $78 a barrel and gold likewise held at $2,181 per ounce to digest its eight-session winning streak. The VIX rose towards the upper end of its year-to-date range north of 15. 


SPY ETF Stock Chart 5 Minute
SPY ETF Stock Chart 5 Minute

ES Futures 10 Minute Chart Live Day Trading in Discord
ES Futures 10 Minute Chart Live Day Trading in Discord

THIS PORTION OF THE REPORT IS SOLELY TO PREMIUM MEMBERS OF ALGOTRADEALERT

 

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