April 24, 2024

Daily Wrap

DJIA +27.57 (+0.20%) to 13,534.89; S&P 500 +1.66 (+0.11%) to 1,472.34; NASDAQ -6.72 (-0.22%) to 3,110.78 A gap down in the morning set the lows on the S&P 500 for the day as we then steadily rose the rest of the day making highs near the close.  Overall the data released today was mixed with Retail Sales beating very low expectations, PPI slightly lower than expected and January Empire State Manufacturing better than the previous month but well below expectations.  The Nasdaq was the only major down and with AAPL losing another 2.3% along with the $500’s it is not surprising. Moving higher today to the…