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 […]

GENERAL NEWS:

After trending lower during the past several sessions, stocks saw considerable volatility over the course of the trading day on Friday. The major averages swung back and forth across the unchanged line before eventually closing slightly higher.

The tech-heavy Nasdaq inched up 13.77 points or 0.1 percent to 14,524.07, snapping a five-session losing streak. The Dow also crept up 25.77 points or 0.1 percent to 37,466.11, while the S&P 500 rose 8.56 points or 0.2 percent to 4,697.24 after closing lower for four consecutive sessions.

Despite the uptick on the day, the major averages all moved lower for the first week of the new year. The Nasdaq plunged by 3.3 percent, the S&P 500 slumped by 1.5 percent and the Dow slid by 0.6 percent. With the drop, the major averages moved to the downside for the first time in ten weeks.

The volatility on the day came as traders reacted to the release of some key U.S. economic data, including a closely watched Labor Department report showing stronger than expected job growth in December.

While the data initially raised concerns about the outlook for interest rates, positive sentiment prevailed as traders […]