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Stock Market Update Monday May 13, 2024

Stock Market Update Monday May 13, 2024 The return of meme-stonk mania in the form of respective 74% and 78% jumps in GME and AMC obscured an otherwise dull session for equities, as the S&P 500 finished little changed in narrow range trading ahead of Wednesday’s release of April CPI.


Away From Stocks: Treasurys mostly ticked lower by one to two basis points across the curve, while WTI crude climbed back to $79 a barrel, bitcoin rose above $63,000 and gold pulled back to $2,336 per ounce. Belying the largely quiet backdrop, the VIX snapped back to near 14, up just under one point on the day. 


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