March 29, 2024

Daily Wrap

DJIA -5.07 (-0.03%) to 14,968.89; S&P 500 +3.09 (+0.19%) to 1,617.51; NASDAQ +10.77 (+0.37%) to 2,955.36 Yawn, for the most part a boring day as the market essentially consolidated after Friday’s gap higher with the Dow closing slightly negative while the S&P 500 and Nasdaq slightly positive..  There was no major economic news for the day and frankly the week in general is relatively light.  Some fed speak and Unemployment Claims Thursday but relatively light.  To try and put into perspective the day, the entire range of the S&P 500 Index was roughly 5.5 points. Merger Monday was again back and in affect with BMC Software…

Daily Wrap

DJIA -35.79 (-0.26%) to 13,982.91; S&P 500 +0.90 (+0.06%) to 1,520.33; NASDAQ +10.39 (+0.33%) to 3,196.88 The markets continued to climb what seems to be the wall of worry and I heard many speculating that something the President might say would affect the current trend but yet again another perceived milestone is passed and we continue higher yet again.  The Nasdaq finally participated in the rally as Apple Computers (AAPL) while down for the day was only slightly so and didn’t pull down the broad index much but it was the Dow that didn’t participate and that was due to McDonald’s (MCD) which closed down over…