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Stock Market Update Wednesday May 8, 2024

Stock Market Update Wednesday May 8, 2024 The S&P 500 commenced trading with a gap down of roughly 0.5%, but by midday, it had fully recovered, trading flat. Market volatility remained subdued throughout the session. In the afternoon, the market consolidated sideways, displaying no clear directional bias.

Away From Stocks: Treasury prices remained unchanged, while corporate bonds experienced some selling pressure following another large government debt issuance.

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