WELCOME TO LEIBOVIT VR NEWSLETTERS – WEDNESDAY – JANUARY 10, 2024
My friend above had a bit of a party on the first couple of days here in 2024 but got scared off on Monday. . Recall, I had warned that the first quarter of 2024 might experience indigestion.
GENERAL NEWS:
Stocks moved mostly lower in early trading on Tuesday but regained ground over the course of the session. The major averages climbed well off their worst levels of the day, with the tech-heavy Nasdaq peeking above the unchanged line.
The major averages finished the day mixed. While the Nasdaq inched up 13.94 points or 0.1 percent to 14,857.71, the S&P 500 edged down 7.04 points or 0.2 percent to 4,756.50 and the Dow fell 157.85 points or 0.4 percent to 37,525.16.
The early weakness on Wall Street came as some traders looked to cash in on Monday’s strong gains amid lingering uncertainty about the outlook for interest rates.
While the Federal Reserve is widely expected to leave interest rates unchanged later this month, traders have recently become increasingly skeptical about whether the central bank will cut rates in March.
CME Group’s FedWatch Tool still indicates a 60.9 […]
WELCOME TO LEIBOVIT VR NEWSLETTERS – TURNAROUND TUESDAY – JANUARY 9, 2024
My friend above had a bit of a party on the first couple of days here in 2024 but got scared off on Monday. . Recall, I had warned that the first quarter of 2024 might experience indigestion.
GENERAL NEWS:
U.S. stocks ended on a buoyant note on Monday, with the Nasdaq outperforming the other major averages thanks to hectic buying in the technology sector.
A drop in bond yields, and optimism about the outlook for stocks despite recent uncertainty about the likelihood of near-term interest rate cuts helped push stock prices up.
The major averages all ended with strong gains. The Dow ended up 216.90 points or 0.58 percent at 37,683.01, the S&P 500 climbed 66.30 points or 1.41 percent to 4,763.54, and the Nasdaq settled with a gain of 319.70 points or 2.2 percent at 14,843.77.
The Dow was weighed down by Boeing shares, which fell 8 percent after the Federal Aviation Administration ordered airlines to ground dozens of the company’s 737 Max 9 aircraft after a door plug blew out in the middle of an Alaska Airlines flight on Friday.
American Airlines climbed more […]
