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WELCOME TO LEIBOVIT VR NEWSLETTERS – ‘TURNAROUND TUESDAY’ – JANUARY 30, 2024

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THE VR FORECASTER – ANNUAL FORECAST MODEL WILL BE PUBLISHED BY THE END OF THE FIRST WEEK IN FEBRUARY

HERE IS THE 2023 ANNUAL FORECAST MODEL WITH THE ‘RESULTS’ SUPERIMPOSED

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U.S. Stocks Close Mostly Higher On Late-Day Strength

After showing a lack of direction early in the session, stocks moved mostly higher over the course of the trading day on Monday. With the upward move, the Dow and the S&P 500 set new record closing highs, while the Nasdaq reached its
best closing level in two years.

The major averages rallied to new highs for the session in the final hour of trading. The Dow climbed 224.02 points or 0.6 percent to 38,333.45, the Nasdaq jumped 172.68 points or 1.1 percent to 15,628.04 and the S&P 500 advanced 36.96
points or 0.8 percent to 4,927.93.

The strength that emerged on Wall Street may partly have reflected a notable pullback by treasury yields, with yields giving back ground after moving higher last Friday.

Yields fell to new lows and stocks rallied late in the session as the […]

WELCOME TO LEIBOVIT VR NEWSLETTERS – MONDAY – JANUARY 29, 2024

Home Page Updates|

 

THE VR FORECASTER – ANNUAL FORECAST MODEL WILL BE PUBLISHED BY THE END OF THE FIRST WEEK IN FEBRUARY

HERE IS THE 2023 ANNUAL FORECAST MODEL WITH THE ‘RESULTS’ SUPERIMPOSED

GENERAL MARKET NEWS

U.S. Close Mixed As Traders Weigh Intel Guidance Against Inflation Data

After trending higher over the past several sessions, stocks turned in a relatively lackluster performance during trading on Friday. The major averages bounced back and forth across the unchanged line before eventually closing narrowly mixed.

While the S&P 500 edged down 3.19 points or 0.1 percent to 4,890.97 and the Nasdaq fell 55.13 points or 0.4 percent to 15,455.36, the narrower Dow rose 60.30 points or 0.2 percent to a new record closing high of 38,109.43.

Despite the mixed performance on the day, the major averages all moved higher for the week. While the S&P 500 jumped by 1.1 percent, the Nasdaq advanced by 0.9 percent and the Dow climbed by 0.7 percent.

The choppy trading on Wall Street came as traders weighed disappointing earnings news from semiconductor giant Intel (INTC) against tamer than expected […]

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