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Stock Market Update Thursday May 16, 2024

Stock Market Update Thursday May 16, 2024 Equities experienced a subdued trading session, with the S&P 500 index suffering a minor 0.2% loss, marking its weakest performance in a fortnight. The Dow Jones Industrial Average achieved a historic milestone today, surpassing the 40,000 mark for the first time ever.

Away From Stocks: Short-term government bonds faced selling pressure, driving two-year yields up five basis points to 4.78%, although longer-dated bonds maintained their value at 4.52%. Meanwhile, oil prices (WTI) inched above $79 per barrel, gold retreated to $2,377 per ounce, Bitcoin dipped to $65,100, and the market volatility index (VIX) remained below 13.

On May 9th 2024 in Discord We Posted The W.D. Gann Resistance Price Level

W.D. Gann Resistance Price Level Today May 16, 2024

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