Tuesday, May 21st, 2024
Major market indices were almost all in the green as of today’s closing bell. We were mixed at the start of the trading day, as well — and finished Monday mixed, too — so consider the relative lack of fresh, impactful market-based news having something to do with this. The blue-chip Dow gained +0.17% (still 130 points or so from its recently reached all-time closing high), the S&P 500 and the Nasdaq both struck new all-time closing highs at 5321 and 16.832, respectively, and the small-cap Russell 2000 lagged the field slightly, -0.20%.
Bitcoin pulled back after a brief rendezvous above 71K, reaching 4pm ET -2.45% — still near all-time highs for the leading crypto unit. Bond yields were positively static on the 2-year today: ahead of the open it was +4.83%; as of the close it was also +4.83%. The 10-year, on the other hand, dropped notably from +4.42% early this morning to +4.14% this afternoon. Ideally,…
