Stock Market Update Wednesday April 3, 2024 This morning's macro data, represented by the ISM survey, seemed to invigorate market participants as it showed a slightly cooler trend than expected across all parameters. There is a palpable anticipation among investors for data that could sway the Federal Reserve to ease its policies. In light of this prospect, indices surged approximately 0.5% higher through midday. However, as the afternoon progressed, much of the rally dissipated.
Away From Stocks: Treasury's saw a subdued session, marked by a two-basis point decline in two-year yields to 4.68%. Meanwhile, precious metals maintained their strong rally, with gold achieving its fifth consecutive record close just shy of $2,300 and silver approaching $27 per ounce. Additionally, WTI crude advanced to $85 a barrel, and the VIX eased back towards 14.
THIS PORTION OF THE REPORT IS SOLELY TO PREMIUM MEMBERS OF ALGOTRADEALERT
Comments