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Stock Market Update Tuesday July 9, 2024

Stock Market Update Tuesday July 9, 2024 Equities edged 10 basis points higher on the S&P 500 as subdued price action continues to characterize the broader market. 

Away From Stocks: Meanwhile, a well-received three-year Treasury auction anchored a relatively quiet session in the fixed income market, with the yield on the long bond ticking up to 4.49% from 4.46%. In the commodities markets, WTI crude oil slipped below $82 a barrel, while gold experienced a marginal uptick, settling at $2,364 per ounce. Bitcoin rallied to $57,900, and the VIX volatility index recorded its eleventh consecutive session below 13, reflecting a continued low-volatility environment.

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