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Stock Market Update Tuesday May 7, 2024

Stock Market Update Tuesday May 7, 2024 Stocks settled just north of unchanged after remaining in a narrow range with the second lowest volume day of the year for the SPY ETF.

Away From Stocks: Modest strength in long-dated Treasurys headlined a snoozer of a session, with 10- and 30-year yields dropping two and three basis points, respectively, to 4.47% and 4.61%, while WTI crude remained near $78 per barrel for a fourth straight day, gold pulled back a bit to $2,314 per ounce and the VIX settled slightly north of 13. 

These time pivots are known before the stock market opens at 9:30am

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